Negotiation was focused on obtaining a purchase price that left room for a profitable flip after planned renovations.

To file Form 1041, you would need to obtain an Employer Identification Number (EIN) for the estate.IRS Reference:•Final Form 1040: Report income up to the date of death (per IRS Publication 559).

Might be you're not set up properly to obtain a separate account. 

We are moving towards where it is still possible to obtain them (normally based on the density of licenses already given) and at the same time where it makes sense investment-wise (attractivity for tourists). 

To mitigate these risks, it's crucial to thoroughly research the market, obtain detailed cost estimates, and build a buffer into your budget to cover any unexpected expenses.

It could be a very long time before you obtain possession of that property and getting it could cost you thousand$ in legal fees, damages, etc.

If the HOA had a lien on file before you closed that would better substantiate their claim but given that you obtained title insurance that couldn't have been the case. 3.

My mom barely lives off the income from her properties that she worked her butt off to obtain over ~30 years.

There is also a lot of space in the hallway that can be used; however, I need to obtain the approval of all other residents since that space is shared.

You are not going to find cheap, easily obtainable, and efficient.