1) talk to a tax pro but I THINK you inherited the value at the time of your husbands passing as your new cost basis.

In July I will be receiving $50k after taxes in an inheritance for investing. 

Luckily I have decent tenants in there now that I inherited with the building.

When I bought my 3rd rental, I inherited a tenant in a motorcycle gang.

We unfortunately inherited the tenants, but the property was a good deal, so we went for it.  

I have inherited a school that is growing quickly. 

However, now we find ourselves at a crossroads.The property is fully paid off and holds sentimental value as part of our inheritance.

Apparently there is an advantage to a multimember LLC as far as RI inheritance tax but I am not sure in the end if it is better.

Inheriting tenants is a challange.

This includes individuals who primarily have W-2 income from employment, basic investment income, and perhaps own a home or have standard deductions.Rental Property: If you have one or two rental properties and feel comfortable managing the related expenses and deductions, tax software can handle this level of complexity, especially if your transactions are straightforward and well-documented.Complex Scenarios: Hiring a CPAWhen to Consider: As your financial life becomes more complex—such as owning multiple rental properties, running a business, dealing with investment incomes, or having special tax considerations (like inheritance or foreign income)—the benefits of hiring a CPA increase.Cost Consideration: Hiring a CPA typically costs at least $1,000 to file your taxes, which can increase based on the complexity of your return.