Stay away.But the loan officer, he was amazing.Dear Bigger Pockets Readers- We fund over 100++ Deals Monthly, we are NMLS Members and MERS Members !

In the Bigger Pockets free book, "Real Estate Rewind", as one of the 11 co-authors I wrote about one such Tax Sale purchase and made money but not enough money to warrant the risk involved.

I know many people that have suffered big losses recently, but I also know many people that have enjoyed big successes in Dubai real estate. 

Hi Raul, You have come to the right place, welcome to Bigger Pockets! 

>>For purposes of taxes, consult with a CPA to confirm this would work for your situation, but you could have the LLC be treated as a "disregarded entity" and thus, even if you and your wife are members, any profits/losses would "disregard" the LLC and go directly on your personal returns. 

Go search the topic "Lifestyle Asset University" here on Bigger Pockets and you will see a longer thread with a lot of opinions (most are not members) but still worth a read as there are a half a dozen paid members from our group who have commented on that thread.We were formerly called Lifestyle Asset University, but I didn't realize that you couldn't use the word University in your company name here in Utah so we changed our name to Vodyssey. 

Trying to cut my losses as the borrower got all her unsecured debts discharged through Chapter 7.

Hi Aaron, welcome to Bigger Pockets!

If you come across a better opportunity here in AZ where if you can take your 1M and turn it in to 1.2-1.3M ( maybe a value add deal) sell the house, take the equity and use it to get a bigger return.

.), listening to bigger pockets and other podcasts, and learning about real estate.