What we do is recruit people in this exact situation, like we were in, to act as private investors to one of our upcoming deals.

I would rather work it out between me and the manager privately if he made a mistake I don’t think it’s worth getting someone in trouble for a mistake.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I found this deal through diligent market research and networking with local real estate professionals.

I reached out on Facebook to a private money lender. 

Here are some questions I have:1) Is it better to refinance or to have hard money/private lenders put a 2nd lien on the property to serve as a down payment to be able to borrow 100% of my next project?

@Robert Medina Online presence is something I'd look into before setting up those appointments to interview, to save time and effort knowing that you are talking to someone who at least has a level of expertise.I tend to look at these things to start: What impression do they give you online (professional or not/resourceful or not)? 

It may lend you a little privacy, but folks who want to find you will just look up who created the LLC and then find you.That being said, in MO, they are incredibly easy to set up, and are not that expensive to establish (~$50 last I checked, although that may have gone up) and doesn't require any input from an attorney or tax professional (in my state)Personally, I have an LLC bc I pay myself through an S-Corporation as a realtor...the savings come out in the wash, but it allows me to pay taxes quarterly and avoid end of the year surprises.Another reason you may need an LLC is if you are investing with partners, and/or seeking certain loan types ( I know hard money lenders often require an LLC)Once again, this isn't my wheelhouse, so at the end of the day, I would reach out to a tax professional to learn moreLong answer short: in my opinion, you do not need an LLC if your plan only involves renting out your inherited home

@Omar ParksYou will not find a lender in the us to lend the money unless it’s a private moneyYour best bet would be if you own property here to use that as security but if not then it’s just tough

Unless of course, the taxpayer shows material involvement and claims to be a real estate professional, spending 750 hours per year.Employing a property manager to manage out of state properties makes it virtually impossible to stay actively involved and spend 750 hours.