A lot of things to consider; you need to make sure you have identified a market that suits you, understand its dynamic (net migration, economy, Crime etc...) and then have your criteria fully defined: What type of property, size, what is your business model, what perfs you want, how you are going to structure the deal (JV, Syndication)?

@Zak Marinko as an investor/agent you need the right structure that will allow you to do deals the way you want and make max profits. 

Frankly it makes the deal less valuable to a buyer (as I said no one wants to take on his single user or like an S Corp structure)

If there is an issue for local law, we can coordinate local counsel, but most structuring entity formation is not needed.

A multi-member LLC is taxed like a partnership anyway by default.the business structure is an exhausting discussion. 

My concerns are that there might be some structural damage only in the sunroom.

I'm trying to determine the best way to structure this real estate deal with my father-in-law(FIL). 

This is structured with layers of removal because of Dodd Frank to keep the lender player from telling the appraiser to do anything.

@Reza Rostami, I cannot help with the internship piece, but all the flippers I know, and many of the builders too, are fairly small organizations, and therefore a) don't have structured internships, and b) don't have time to teach someone the ropes.  

It is also possible to structure an Improvement 1031 Exchange whereby your Qualified Intermediary (exchange company) acquires and holds or "parks" legal title to your new replacement property so that you have the rest of your 180 calendar day exchange period to use any remaining funds in your 1031 Exchange to complete improvements as part of your 1031 Exchange.