Private lenders are better (IMO) because they offer more flexibility.

We are located in Charlotte, NC, and here is some back story to help encourage professional opinions.As of right now My wife is a full time student at UNCC scheduled to graduate in December of this year (Woohoo!!)

I am not a tax professional but I believe the tax basis automatically gets adjusted upon a transfer due to death when the property is transferred from a parent to a child. 

We started with a private portfolio & eventually expanded to 3rd party management.

I have tried to be reasonable and stayed completely professional in all are conversations.

I'm interested in rehab properties to hold as rentals. I have access to different wholesellers in the area. I know getting hard money won't be an issue to rehab the property but its a bit more complicated with a long ...

Are you trying to purchase property(s) or are you trying to invest in another investor deal like a private lender?  

When I earn a bit more room in my budget, I'm debating whether to employ people to deliver the letters privately (along with other marketing material from businesses that I charge for) or just go with canada post.

@James Webb The only way you could reduce that income is if it was truly passive income or you are classified as a real estate professional.

Not only does our professional insurance go up but so will yours, by a lot.