In CA I prefer the LP structure because of the high state fees for LLCs that produce a high level of income, but you should check with your tax advisor for specific entity selection advice based on your income and tax situation.

It would have been nice if the tax code would make some sort of extension in the capital gains tax exemption for people like us who had to move out of their homes in the past few years but couldn't sell due to the economy.

He and his wife have built an extensive network of relationships with their local Realtors!

At this point you may be dealing with an attorney or usually it will be just a friend or relative, an average Joe who was selected to settle ones affairs.Either way, the probate court approve the sale, either the Administrator or the Executor asks for approval of the sale of real property unless the court has all ready granted the authority to sell.

-How extensive do they like you to go into these inspections because I have no prior experience?

Funny story...we actually went through a several month selection process for a flip show a couple years ago.

For me it is a combination of the two.Homedepot:For paint I use Kilz Pro-X dead flat, all fans and light fixtures, all plumbing(bigger selection)Lowes:I use there tile and backspalsh.

He did bring up the extension and was adamant in getting the money in full per the agreement.

There is clear evidence to indicate many banks and some of the GFO’s have been selectively selling in bulk to prop up home prices, minimizing the stigma of having to foreclose, and generally avoiding the open markets.

It was a house that suffered extensive fire damage and was a hoarder house; a full gut to the studs.