I guess my plan for the license wouldn’t really be to use it to sell homes, more just to make it easier to see/buy homes and maybe sell my own.  

Should I agree or ignore them just keep trying to sell it? 

Are there any experience investors that could list out briefly the general steps beginning with purchasing the land to selling the new home?

This affords the opportunity for a homeowner to sell the property if it is not under water for market value and pay off the loan before they are foreclosed upon, or more commonly, short sale the property with the bank's approval. 

this is the risk of having Multiple parties in title.. sure would have been better for the Dad to simply sell it to you and take back a recorded DT or Mort   with you and your partner on the Deed. 

., refrigerator, stove, dishwasher, microwave)]Utilities: [Indicate whether utilities are included or not]Pet-Friendly: [Specify whether pets are allowed or not]Outdoor Space: [Describe any outdoor amenities like a backyard, patio, or garden]Additional Features: [Mention any additional features like hardwood floors, fireplace, or walk-in closets]Property Highlights:Spacious and well-lit interior with [describe any notable architectural details or design elements]Open concept living and dining area, ideal for entertaining guestsFully equipped kitchen with modern appliances and ample cabinet spaceRelaxing master suite with a private bathroom and [mention any unique features][Add any other notable highlights or selling points of the property]Location and Neighborhood:Situated in the heart of [City, State], our home is conveniently located near [mention nearby amenities such as schools, parks, shopping centers, and public transportation options].

As you know a foreclosures is a legal way for the lender to take over the property and sell it. 

Or determine where and how you want to get involved, raise some capital by selling or using your current properties as assets and get involved that way with or without partners depending on your budget and goals.

If your profit was only $300K. then you'll pay tax on the $300K and the other $55k would be considered a return of your basis.Ok thanks but what about my expenses for acquiring, renovating and selling the property in LA?

The market could get pretty hairy if everyone was trying to sell everyone else's properties!