There are legal reasons to form an LLC, and then there are tax reasons.A single-member LLC is by default taxed as a "disregarded entity" at the federal level. 

@Rory Samuels the best way is to get the house at a level where you can pull money out.

The biggest flaw is there is a steep learning curve and a lot of the functionality is built for communicating with clients (homeowners), which isn't really applicable for flipping houses.FlipperForce/RealeFlow/FreedomSoft/Fixters - These are real estate specific softwares with varying levels of project management features & functionalityMicrosoft Office / G-Suite

If you want to take your real estate game to the next level and get into real estate investing, this is the top resource on the Web.Best For Discounted Home Buying Fees: RedFin RedFin is both an app and a brokerage firm.

@Dan StrandbergUnless the process is different there, the inspection should include identifying the type of septic tank and drain field/system; evacuation; checking for cracks/roots/deterioration; type of material tank is made of; if it’s level; size of the tank- is it large enough for the number of bedrooms; whether it closes properly; whether water run through it drains properly; that the ‘hatch’ closes properly; setbacks from the home/boundary etc; and whether both septic and drainage meet any existing regulations.Hope this helps!

It may also be beneficial to connect on a deeper level with investors on BP who are in the Watertown market to get some more sets of eyes on the property. 

These can be the one's where no matter what - we end up not being happy with the rehab and the quality level.  

OP: You really need to just have someone else do your taxes based on your level of understanding.

There are different "levels" of LEED; Bronze, Silver, Gold & Platinum.

The inventory levels have been in the same range give or take 500 listings for several years now.