@Matthew KreitzerTypically speaking, if you are using an LLC that has no legitimate business purpose you are most likely going to run afoul of what we attorneys call the "alter ego" doctrine for piercing corporate veils.

Study that case that Rick mentioned- State of CA v Aguayo.I think in that case (State of CA v Aguayo) one of the State's arguments was that when the defendants changed the mailing address to have the tax bills go to another address it altered the opportunity for the "property owner" to pay taxes.  

I took a look at the property and it has structural issues and many code violations.

With the promo code: BiggerPockets it is quite affordable.

Internal Revenue Code 401 talks about retirement plans and what you can and can not do.

Try searching for people in your zip code and then read their profiles to see what activities they are involved in.

Here is the code from 4975 explaining prohibited transactions.

Purchase price 80k cash close in 3 days ( they are 3 days away from the water being shut off) So cash talks and you know what walks.. 30k in back water bills and a few other code violations and such...

Be very clear in what you are asking for.In case this is helpful, I ask for these fields in their report:Parcel Number, Owner's Name, Owner's address, Property address, Property Use Code (zoning), Assessed Value, Lot size, Delinquent tax amountMore often than not you'll find that they will not supply everything you need.  

Obviously it is being rented illegally and the city has found out and issued the seller 2 code violations.