Looking for free or cheap paperwork online is not the route to take.

I would also purchase the property and not the LLC unless you are a seasoned investor with a good attorney.

And I will go outside, and when I hear the noise, I will look at the home itself and start listing the things I love about it.

@Matthew Irish-Jones Thank you for the advice !  

Then next year buy another one.

Now, I'm considering whether it makes sense to create a LLC and "sell" the SFH to the LLC to take advantage of Section 121's capital gains exclusion, as we still meet the 2 out of 5-year rule, and to potentially increase depreciation value.Has anyone gone through a similar situation or have advice on the best approach?

@Ngozi IwunzeOne way to avoid capital gains is to turn the flip into a rental after the rehab and then do a 1031 exchange into a more expensive property. 

The election is over and guess what?

However, if you inherit it through her estate, you receive a stepped-up basis to its fair market value at that time, reducing tax liability upon sale.Gifting it now has no immediate tax consequences unless its value exceeds the $18,000 annual gift tax exclusion (2024).

I think access is a major stumbling block to the Oregon coast. its just a long way from everywhere.. and the amenties as you state that are missing.Its super popular though for Oregionians no doubt.Keep in mind though from Jenner CA north through Ft.