To get started in real estate investing, it's important to keep learning about market trends, financing options, property management techniques, and laws that apply.

In my experience people that act like this generally are doing something shady with regards to how they are framing or selling the deal to the seller themselves and are trying to keep all parties in their separate silos. 

Hard money is for flipping generally because you can't keep the loan for more than a year a lot of the time.

However, if the appraisal is conducted as part of the property acquisition process, it's likely considered part of the property's basis.It's important to keep detailed records of these expenses and consult with a tax professional to ensure proper treatment on your tax return.

I'll keep saving up for the SFH :)

I will note that some of the information on here will be different for you especially when it comes to loan products and requirements so that is something to keep in mind. 

Here is the process (keep in mind, you can be the one person whom does these all, or outsource or have in house employees to do these):1.

If I just keep the property in the LLC since the other member is dead does the LLC now become a single member LLC? 

For us we are supremely blessed with our new build project in Oregon it has been quite the adventure coming out of the ground right when covid started.. then lumber 3X etc etc but for us the values rose to keep our original or exceed our profit margins per pro forma just taken a little longer than what we all planned or hoped for.

Keeps the banks and institutions out of it and makes it more efficient.