As we are UK citizens we are not up to scratch with the tax/costs that you have with a property out there.

It's way out in the boonies away from most employment sectors so I'm betting not much.Probably the two best plays are to either sell it and try to use that money for some other better investment, or to hold onto it and gamble... you just might be waiting a loooooong time.Call up local agents in the area and see what their opinion is.

It's a gamble for both of you, but at least you know the price up front.When I was younger, I knew an old guy that went to Florida every winter.

Retirement accounts are unhedged gambles on future tax rates, and the odds looks poor.

Yeh I am writing from the UK, I'm getting that response from quite a few forums, although one directed to me to a really useful site that outline the conveyancing process and how to find a good solicitor.

This is gambling, you're trying to score big, and that always comes with risks.If he was a paying tenant this would be a lot simpler, but not necessarily in your favor.  

Vegas is no longer the world gambling mecca.

(There are many other ways to pierce the veil) General partnerships never have protection from liability, in fact if a general partner makes a very bad deal and signs a mortgage for a million dollars then loses it all gambling all the other partners are equally liable for the mortgage even though they never received a penny of the proceeds.

Then I saw, domain registered in UK not US!!

It's always a gamble when giving an upfront fee.