You have no idea what the final price will be, especially if there are 2nd or subsequent lien holder(s). 

A major housing shortage has driven up both property values and subsequent rents.

I plan to use BRRR approach or the equity on my current home to finance subsequent deals and slowly build a portfolio.

The husband should go through probate; takes 45 to 60 days, but an assignment and subsequent license to sell from the probate court solves your problem. 

Vetting is a different issue...unless you are dealing with a national chain or a known, substantial enterprise, you should require a personal guarantee from an officer or manager of the company.

While I hate to blame the victim, but at the end of the day the tenant is choosing to participate in this business tactic, It's voluntary and a part of the free market enterprise so enjoy your business strategy to make a little extra money.      

The three subsequent posters understood and responded, so I am not sure why you are lost.

The good part of vertical integration is we have enterprise-grade software and data with dashboards and graphs and all the bells and whistles to see problem areas at-a-glance at any time, in real time.5.

To further quote Howey, “The test is whether the scheme involves an investment of money in a common enterprise with profits to come solely from the efforts of others."

While some of the tax burden can be mitigated with the right business entity, for the most part, you can't afford getting hit hard by the tax-man when flipping houses.And, if this is your first flip, unless you're making an extremely large profit, there is pretty much nothing you can do to avoid any taxes on this property, regardless of what entity you had holding it.My recommendation would be to finish this one out in your name, and then consult with a CPA about setting up an entity for subsequent flips.