I second the recommendations on here to just ignore it and don't respond - you don't want to make any kind of commitments to him to have it looked at and then be held on the hook for that.If he's serious he'll get his lawyer involved, but until that happens I'd just block the phone number.

There are many ways to do this deal, depending on the needs of each party involved.

Either way, the fire has been lit and we are actively getting involved in the REI world and meeting other investors and are ready to just get in the game.

@Brian Ambuel You bet. 

This trade or business requirement can be particularly difficult for rental properties to meet and is usually based on the extent of the taxpayer's involvement in the rental activity.

@Maxton JohnsonIt really depends on what real estate activity you are trying to be involved in.It also depends on what your goals are.It is true that for a NY LLC to be established that it needs to have its information placed in 2 ads for 6 weeks.

One thing I can say about Foreign National borrowers, you can usually bet they have good savings, multiple paid on time mortgages and other loans under their belts when they contact me.     

Selling a big property here and a mistake can cost us over 1 million dollars.There are partners involved and LLC’s and trusts so we do need someone knowledgeable.We don’t know too many people in Florida so if someone knows very well the tax laws/IRS regulations, Please leave your phone no/email and I will gladly contact you so we can discuss details.

@Jo Zhou this is unfortunate for all involved.

Brian, yes,  however I was not looking at getting involved with some type of elaborate marketing program to sell these to investors, just thought about putting them as listings in the MLS.