Quote from @Evan Polaski: @Jack Wang, I can also say I often find people make these out to be bigger issues in their minds than in reality.I wouldn't dismiss Jack's list so easily, especially the environmental issues such as lead paint & asbestos. 

But once I finish construction on the two builds, the total 4 buildings and remaining land will be easily worth over 9 mil.

Best to just reach out but make sure to have a good pitch deck in place.

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

Hello BiggerPockets Community,I'm reaching out to find a like-minded equity partner interested in tapping into the dynamic and lucrative Atlanta real estate market, focusing specifically on short-term flips.

A $40,000 home may sound cheap where you live but could easily turn into a money pit causing you to lose twice that amount of money if you are not careful.  

Here in NC you get about 90 days from seller receiving their NOD (notice of default) to the auction date (which can easily be extended).

This allows the lender to easily sell the loan on the market and buyers of the note have some guarantee of their return on investment.If you are an investor looking for a great loan product, keep the DSCR loan in mind.

. - I'm not actually a fan of the newer builds as everything isn't built to last and a burst pipe, strong weather, meth-head who sells copper, etc. can do catastrophic damage more easily.

It's best to reach out to them direct, since it's not only a question of budget but amount of CPM or impressions that you'd like to hit.