You'll gain valuable experience while hopefully making some good cash simultaneously. 

I definitely would have my own insurance though.If you have any thoughts on what a broker would find valuable, or best approach with them, that would be helpful.  

And when you sell the farm via LLC, the gain will be passed to you as if you sold it.

One of their concern is capital gain tax that they incur due to the sale.

@Derek VanWinkleThere shouldn't be any income or capital gains tax consequences on transferring from a single member LLC to yourself, or the other way around.

Delinquent HOA assessment not paid by the foreclosed owner is a common problem that becomes the burden of the new Buyer, who has to settle with the HOA.Do the (sometimes) excessive HOA back dues increase the Cost Basis of the property that can be written off against ordinary gains or does it expense out (as passive income) on IRS Schedule E?

Have my mother sell me the house (This would probably cause my mom to have tax issues, with capital gain)?

That leaves $131K in profit (without deducting expenses for sale, taxes, and any gains). 

Sometimes this approach can gain the respect from others with how you addressed the situation because they know you could have just filed the complaint with no warning. 

Since then, the tenant has filed for bankruptcy, which has ceased all action to gain possession and evict through general session court.