If the purchase is done in cash, as you mentioned, they’d have more flexibility, but they’ll still want to carefully consider the tax and legal implications of the subsequent sales.I hope this helps, and good luck with your client’s deal!

Be careful the seller isn't unloading a problem on your.

All the IRS cares is that the taxpayer is the same. 

Don't care for the Pistons or Cavaliers.

Care to share?

Careful in the Stock Market, seems great on it's upward trajectory however...

Care to share the details?

If the above is true, the income will offset the debt in the DTI calculation, so who cares? 

Any recommendations on areas to avoid or be careful given high crime rates around Downtown and East Cleveland?

LLC is pass through income so have your bookeeper or CPA take care of everything at the end of the year for your tax documents.