I am supposed to enter the agreement with an LLC and I am wondering if I would be able to re-purpose an LLC that we set up in Ohio earlier this year but never did anything with.

Will likely be mid 2025.

I would sell it if I were you. 

As long as the HML lender knows they’re going to be in 2nd position that also shouldn’t be a big deal.

Otherwise might be tough to get lending on all that. 

Congratulations (or maybe I should say "My condolences") 🤣Growing any business is pretty similar; there's nothing magic about being a GC.

Depending on how many properties you have that may be overkill.

sounds interesting to partner with him as I don't live in the states and can't get a mortgage as I am not a citizen so would be nice to have someone that has knowledge of the US market and that already has a team in place.Any insight to this guy or even your opinions about this  would be much appreciated.

Could I 1031 exchange on the sale of the quick resale of the foreclosure to buy other investments or would I be excluded from the 1031 exchange as a "dealer"?

. • The real property that is being occupied includes a residential dwelling.• An unauthorized person or persons have unlawfully entered and remain or continue to reside on the property owner's property.• The real property was not open to members of the public at the time the unauthorized person or persons entered. • The property owner has directed the unauthorized person to leave the property. • The unauthorized person or persons are not current or former tenants pursuant to a written or oral rental agreement authorized by the property owner. • The unauthorized person or persons are not immediate family members of the property owner. • There is no pending litigation related to the real property between the property owner and any known unauthorized person.