Our clients are often surprised at the amount of tax they will have to pay even when they sell via a short-sale or lose the property through a foreclosure. 

Many foreigners, mostly S American, looking to safely park their money in the US, and more concerned about not losing value (or just getting their money out of their country while they can), as opposed to income.

.,  and you'll probably lose $100K per lot.   

Usually I would move on but the property might make a good rehab project; it is however very risky in that the property has been vacant for a very long time and actual repair estimates if in excess of the current estimate, might cause some problems.These are some of the numbers:ARV = $165K (but, Zillow =190K, homesnap=189K, homes.com=$145K, realtor.com=270K, eppraisal=$312, average=$221K)Repairs = $52K (based on sellers contractor, unverified.

You snooze...you lose.

Essentially you could lose the (limited) benefits you get from the LLC.

Otherwise you're running an enormous risk of not only blowing this deal, but losing that client forever.

scott yancy is  yet another clown trying to screw people over, there are several on this website actually trying to become the next "armando montelongos"......the truth (from someone who has flipped many house successfully and has yet to lose money even once doing it) is that one can learn everything they need to know by attending any number of real estate groups, and/or copying off those that are already successful. read books, learn everything about construction, buying houses cheap, selling houses sucessfully,...plus everything else....ha

That kind of activity may not be allowed in the brokerages IC agreement with you and also their E & O policy might not cover it.So you have to talk with a brokerage ahead of time and see if they are okay with it or not.An investor who is a broker might be more apt to work with you because if they lose the brokerage then likely they already own other investment properties versus a regular brokerage where transacting is the lifeblood of their business.New agents often tend to be rogue agents with self interest above the brokerages at any costs.

You will probably need to put earnest money down once you have the signed contract this should be $500-$1000 dollars. now if you don't find a buyer you could lose your earnest money.