We help the foreigner (individual or company) to buy the property, then we renovate (I have two interior designers/project managers in house), then we rent to other foreigners fixed to hard currency (mostly USD but sometimes EUR), then we manage the property.

There is absolutely no difference with the M1PR form between LLC's and individual owners. 

I gave them $5,000 already and they are demanding the other $5,000.

The one side is listed for sale individually for $660k, and I found this posting on Loopnet: http://www.loopnet.com/Listing/1550-1552-Perry-St-...I'm not really considering attempting to purchase it, but from an academic and market understanding viewpoint, I have to ask: Even with the crazy valuations and sales prices, is it worth this much? 

We will be self-financed, developing property that is zoned "by-right" for the intended use, using public water/individual septic tanks, constructing DOT spec roadways, installing concrete sidewalks and offering high-speed cable TV and internet service.

If anyone in the Thurston County, Pierce County, Lewis County, Mason County, Kitsap County or Grays Harbor County areas can provide me with a good referall for this, I would greatly appreciate it.I would also likely have additional work for this individual or company. 

I have a huge demand on air bnb.

Let me know if you have any specific tax questions.Just so you are awarePA does not follow the federal guidelines for 1031 exchanges(does't apply in your case if you are flipping but i thought i'd let you know if you were thinking of alternative exit opportunities).Also PA does not recognize NOL's at the state level for individuals.

Self-employed individuals pay their taxes each quarter.

I sent the below response this morning and will end all go forward communication with this individual.