It would be 1,000x less awkward to ask the internet than the surviving relative. 

There are tons of threads on here about entity types- but ultimately there are SO MANY variables that there isn't really a good blanket answer. 

It's a business and you have to treat it that way.You start early in the day and potentially have appointments at night when people come home from work, either to meet with sellers or to take buyer's out.You can set your own hours, but ultimately, you have to work around everyone's schedule.

My main goal right now is to learn the ins and outs of the industry, and purchase my first property before the start of 2018.On the reading list right now is:The Ultimate Beginners Guide to Real Estate Investing (Brandon Turner)The Miracle Morning (Hal Elrod)The Book on Rental Property Investing (Brandon Turner)Since these first posts are more meant as an Ice breaker, I'll throw out that my favourite kind of ice cream is vanilla, because it pairs with toppings so well, and tastes good by itself.

Ultimately we want to build up to capitalize on some incredible views with a nice deck.First post after a long time lurking.

I'd like to hear more about the deals you've done and where you are looking to go ultimately.

The shares are first presented to the members to buy back and then if nobody wants them, they are offered to individuals outside the llc, but ultimately need to be approved by members.

More options give you more chances to win.Yea, you may make a few bucks if you invest it in the meantime by investing in the market, which you'll have to pay capital gains on (short or long term depending on when you buy/sell) or the stock market may take a dive in the next couple of years and your $25k is now $18k, which changes your math for you ultimate goal of a MF house hack.

And as always, you should ultimately work with a licensed CPA for all of this.

I've sent the request for the guy to be served 30-day notice so we'll see how that goes but ultimately it's too late to try to make it the seller problem.