I am, by no means, a tax expert, so here's a pretty good overview from EPGD Business Law...If you're thinking about investing in either the Raleigh, NC metro or in the San Francisco Bay Area, let me know - I operate in both and would be happy to share my thoughts on those markets...

is this the same Harvard experts that suggested Hillary would win by a huge points lead in the last election. ?

Goes without saying they would need to be experts in the RSO topic.

@Anton Watt Seek out experts in that market and refer them.

I realize a lot of excited new RE investors first go out and get licensed but what they fail to realize is that In TX, as far as the state is concerned, you are now considered a RE expert when you deal with the public and you can no longer be a simple member of the public/investor.  

A local expert will surely be able to point you in the right direction with respect to target area, property type, and price-point.To piggy-back off of what @Christopher Hunter shared, I think speaking with a lender is essential.

The most common of these would be toward a house in disrepair that will be rehabbed by someone who is fully qualified, experienced, well capitalized, and expert at what he or she is doing.

Who’s hiring the expert that’s assigning the values?

Make sure that you are domain experts.

So I’m in unfamiliar territory here in regards to an inheritance, so I figured who better to ask than the experts here.