Perhaps a nice 1950's built bungalow.Always hire a 3rd party property inspector to give you an unbiased feel for the home.

@Maxton JohnsonIt really depends on what real estate activity you are trying to be involved in.It also depends on what your goals are.It is true that for a NY LLC to be established that it needs to have its information placed in 2 ads for 6 weeks.

A contract can only by terminated/voided by the terms within the contract or by mutual written agreement by both parties.

(hint: I think they are wrong)Finding an area that makes sense for an out of state or out of market person to own a rental inDealing with the complexity of financing for both hard money & otherwiseSetting up 3rd party property managementAnalysis of the dealMaking the offer on the MLSThe people considering buying turn-key or Roofstock homes will find this diary extremely valuable.

Hey BP,I met up with my Brother this weekend at my Father's 90th birthday party. 

Selling a big property here and a mistake can cost us over 1 million dollars.There are partners involved and LLC’s and trusts so we do need someone knowledgeable.We don’t know too many people in Florida so if someone knows very well the tax laws/IRS regulations, Please leave your phone no/email and I will gladly contact you so we can discuss details.

Owning one of those is the easiest thing ever, the hard part is finding it and getting it under contract.

@Jo Zhou this is unfortunate for all involved.

Brian, yes,  however I was not looking at getting involved with some type of elaborate marketing program to sell these to investors, just thought about putting them as listings in the MLS.

Looking to get involved, but have come across several, such as:http://chicagoreia.org/http://careia.org/index.phphttp://www.reia.org/https://www.ccia-info.com/Not sure if there is much of a difference between the above or others.