@Theodore ArztIf you ever feel tempted to believe even a single word that comes out of a convicted felon's mouth, you're setting yourself up for a fall.

The total inheritance tax would be $32k.This is in contrast to having to having one of my parents purchase the property as a sole proprietorship, where at the moment of death, a single exemption of $60k would be applied, making it an inheritance tax of 40%($200k - $60k) = $56k.

@Nicole Walley, I started down my own REI path several years ago by purchasing a couple single family rental homes.  

Methods I have used include:- House hacking - I lived in one unit of a 4 plex I bought using an FHA mortgage and 3.5% down payment- BRRRR investing - I bought a house in rough shape, rehabbed it, did a cash out refinance, and rented it out, and repeated- I bought a single family home, lived in it for 2 years then turned it into a rental- I took three loans over the years from my 401K for the down payments on 3 of my houses- I bought a 4 plex non-owner occupied using a conventional mortgage with 25% down, but over the course of 5 years it doubled in appraised valueI have one property with a 15 year mortgage and I break even every month with rent.

Does anyone see advantage to maybe just doing a Single LLC in one state (with one of the rentals being listed as a Foreign-entity)? 

I’m about to be finished rehabbing my first single family rental property.

BECAUSE I AM LEVERAGING EVERY LAST SINGLE POSITIVE ASPECT OF BEING A LOCAL INVESTOR THAT I POSSIBLY CAN.

I want to purchase a single family home from a wholesaler and practice the BRRR method.

Curious about a particular 1031 caveat as it applies to me...I sold a single family rental with loan and title in my personal name.

And a duplex and always be reconverted to a single family home so the changes are not permanent.