@Marvin McTaw   few additions to your postwe buy ALOT from auction sites.. not only do you have the 2500 which they process and that is per deal.but the EM in most cases is 10% or about 5k per deal as well.. not often is it 1k and actually I have never seen it.. but then again I am not buying 20k houses either.Then you need to have a REAL proof of funds and you need to then CLOSE in the name of the company you provided proof of funds in.. you can't assign.. and with the off shore or nationwide title companies they use.. double closing is virtually impossible.

They just close up shop and move on.. this was all to common practice with LA based marketing companies and off shore companies..

@Joel Owens   as Dawn said 80k each which is the issue in of itself.its buyer beware with TK companies and the marketing folks that rep them either in the states or off shore...

I deal with this literally every day of the week... title companies just don't record documents without crossing their Tees and dotting their eyes.. and on top of it.. even if you have clear and concise language in the operating agreement that allows a specific person to sign for the company ( like I do in all my LLC operating agreements) they still want other members to sign or sign resolutions.. they don't bother to read the operating agreement they just default to having all members sign.. and for me with off shore members that is impossible 99% of the time.. its quite funny how we argue this like I said every single week..

My offshore assistants do all this & more for around $4/hrThey can do everything remotely or they know who to contact to visit the house in person.

You need to talk to a lawyer regarding your options.Your best option may be to deposit it into a off shore account, Cayman Islands comes to mind.

I am thinking of setting up sole proprietorship structure1) I have hired a firm offshore for software development. 

Hi, I wondered if any members here are looking for an off-shore investment property?

I am working offshore currently so it may be a little while before I can set a date.

If Obama does anything that the market perceives as limiting the supply of gas (stops or eliminates off shore drilling or puts a ban on new oil refiners) or to increase the demand for corn (ethanol subsidies), then this mess will get worse.