It's a huge gamble because I've seen properties go for 50% of FMV and others go for more than 100%, it all depends on who is bidding and how desirable the property is. 

Now, I am not one to risk big $$, but IF I were a gambling man, I would jump on the condo (at 50% on the dollar of course:), get the place cash flowing, and if FEMA steps in, you just doubled your money thanks to the American tax payer.

This feels more like a gamble than an investment. ...but people are winnnniiiiinnnggg lol 

Unfortunately they eventually outlawed charity gambling.

Gambling is more fun when you have money to loose don't you agree?

We do offer a "ride it" option, where they can just continue to pay rent, utilities & lawn care while we try to get it re-rented, but there's an element of gambling in there that most people don't want to try; if we get it re-rented immediately, they would come out ahead, but if it takes more than a month they come out behind.

It is the step that protects you against fraud and other fraudulent practices, like one of my mentors will say “ensure to check all checkable “.Your Realtor and your lawyer should be able to assist greatly in this as this is why you are paying them, they should help you verify the tittles on the land, ascertain the real owners from both the land registry and the traditional registry and ensure you are not buying government land or land in dispute.(9)TAKE IMMEDIATE POSSESSION:- Always insist on taking immediatepossessionof your propertythat’s why I always advocate for people to buy from real estate companies doing immediate allocation., insist on collecting all your documents immediately so as to forestall falling prey to confidence trickstersCONCLUSSIONJust take action today, Contact a realtor and kick start Investment in landed property.

There's no way to audit that quickly if it's fraudulent.

Be sure your end buyer is going to show up and/or be prepared to lose your EMD.If you don't have the cash to close remember what you are doing - you are gambling with your EMD - you are going to the tables and putting $X down on the buyer - the buyer doesn't always show up.So - yes it is possible to do it - if you have a title company that is ready willing and able to do it.The fact that you say you can buy in your LLC and then sell the LLC leads me to believe you have the cash to do it - that is a good thing - be prepared to own the property yourself.

The possibility of sabotaging these relationships is a risk I am not willing to gamble.