@Kenneth LaVoieWe look after a few arms length properties, more as a favour than business - most of our properties are our own or connected to us through individuals with whom we have a business relationship.

That was not explicitly stated, but it is the honest truth and was somewhat implied.Ask around until you find someone who will have a short call with you.

John has the title policy from the sale and the underwriter, Fidelity National, may be willing to re-insure the title (pending approval); explicitly stating on the new title policy that they are aware of this issue and if some heir where to come after the property they would be responsible. 

For the people who have commented that are currently serving in our armed forces, I want to thank you personally for your service.

If the ownership of the S-Corp and the ownership of the Holding LLC are the same, there shouldn't be any issues with arms-length transaction requirements, etc.You're also messing up area comps as that lower than normal sales price will make other area home buyers and sellers a little cranky. 

The industry is up in arms about Zillow displacing agents and brokerages, but the data doesn't support it. 

I'm looking at a 4plex and the wholesaler says it's a C but I want to ask someone who is at arms reach of the deal. 

I'm simply trying to get my arms around the idea.

Would the process of doing a short sale be a nightmare because it's not arms length?  

Basically the owner has explicitly stated he/she is abandoning the property or his/her intent to abandon is implicit in their actions (not using it for long periods, not paying the debt on the property, not maintaining the property, not paying the taxes, not responding to any communications at their last known address.