I actually had come across your post below in the Events forum and thought to myself it would have been nice to attend that to see first hand a local flip and talk shop about the process.https://www.biggerpockets.com/forums/521/topics/1215682-chec...I am happy to hear that someone with your experience in the region feels that Westchester is a market with some potential.

Your time is a huge factor in this, Nathan has a great post above that provides in fine detail here. 

My ideal time to have an appraisal complete is post renovation of the house, but BEFORE the tenant moves in.

Not sure what I did wrong, but it appears I am not able to start a post for questions, but looks like I can answer post fine. 

A revocable living trust is another option for privacy and asset protection.Avoid gifting the property before death, as this would pass the original purchase price as the cost basis, creating a large capital gains tax liability upon sale.If the property is Subject A’s homestead, ensure the correct titling to maintain Florida’s homestead protection for Subject B.This post does not create a CPA-Client relationship.

Avoid C-Corps, as they incur double taxation.Use LLCs for rentals and consider an S-Corp election for flips if income justifies the additional complexity.This post does not create a CPA-Client relationship.

Please keep those posts in the Classifieds forum.Need a spreadsheet or form?

@Alan Asriants VERY GOOD POST!

Quote from @Michael Johnston: Chris,Thanks for your feedback and the SEC posting.

Up posting this post.