There may have been no need to go through probating the estate, if the property was jointly owned (both the man and ex-wife having their names on the deed); in many places, there is the notion of joint ownership with rights of survivorship, so that the passing of the one co-owner leaves the property to the remaining co-owner(s).Now, the possibility that the ex-wife put other names on the deed complicates matters - they now have ownership interest.

I would think (within reason) you're fairly safe if it's at least in the 2000's or newer.

I have an LLC for holding rentals, S corp for flips and usually I run my referral biz thru my LLC.

I don't know much about flipping but I remember reading that S-Corps were best for flipping and LLC's for holdings

I do find it perplexing that the presumed assumption is that I'm going to essentially screw my parents over to elevate my personal residence, wallet, ego, whatever . . .

Exterior drain tile requires excavation along the exterior wall(s), and is expensive (we've spent $13K+ on two different projects just this month).

May qualify for buyer`s choice home warranty.

first questionis it going to be a sole employee S-Corp??

That slot machine might be set at a 95% return, which means that over the long term (100,000's of bets) you will get back 95 cents for every dollar you bet.

I've also invested in J Scott's books on flipping and have been working on my business plan simultaneously.Anyway, I just wanted to introduce myself and thank the BP creator(s), contributors, and my fellow investors.