If stated in your original that you were seeking SE tax benefits for flipping, I would have completely understood.  

I think people come to BP to seek advice and by offering them a "don't do it - association's are evil" response isn't helpful.

Investor seeking flips in up and coming neighborhoods of north Dallas.

I'm looking for a business partner or investor located in the Fort Worth / Dallas , Texas area for Buy and Hold and Flip properties.  I'd like to turn this hobby into a business.  Currently have 2 Buy and Hold propert...

Hello, I have located a property I am highly interested in, and I am in need of an agent licensed in New Jersey. The property is a foreclosure in Elmer, NJ. Preferably the agent is familiar with South Jersey (or in pa...

I wanted to be loyal as I've always gotten great service from them, but you have to consider the product and how painless for you it is.I encourage you to seek out and compare different lenders.

This is a very exciting topic to me, however I also know I am not knowledgeable in it, so I'm seeking input.Thanks to anyone that can assist,Jon

You should seek advice from an Attorney and/or a Tax Accountant.  

I guess the first question is to find out what program she is seeking assistance from or is expecting to get assistance from.  

The owners would have to be foreclosed out or otherwise transfer the property to you for you to own it.You could buy the delinquent note, (not the property) then start foreclosure, but if they get current, they remain the owner, and you would be the note holder receiving payments.There are multiple ways to structure the note purchase, but you should seek professional help to do that correctly.