My guess is they'll recommend an "S" Corp in the state you'll be operating (even a Nevada Corporation will have to be registered in that state in order to be recognized).

When you put it back on the market, make it clear that work was done, as agents will be recognize the listing and will wonder why the price increased.Oh, and find a great listing agent to list it for you instead of doing it yourself.

Obrien Law Firm here in Charlotte NC insulted my client verbally over the phone, FAILED to send title work after being requested 2 times, would not respond to emails or phone calls and did NOT represent their buyer client at all in a recent transaction.

I have some foreign national clients who have used it to get developments off the ground.

Sounds like you may have created a taxable sale based the information you have provided.Like Ryan said 1031 exchanges must be handled properly otherwise they won't be recognized.

I believe real estate agents are bound to submit formal offers to all their clients.

Agree with Michael Woodward.I will submit high bids for my services for what might seem like vary simple projects to the prospective client, but for some reason something about the project or the client sets off liability alarm bells in my brain.

Finding and recognizing the deal is the problem.

Usually buyers (including my clients) get excited about buying something.I tell them it is best to be prudent and wait for the right deal than to buy into marginal or loser deals where their money is now trapped into a bad investment.Take away the urge to just throw money into something and put it to the work and instead invest wisely and be patient.

Originally posted by Joel Owens:Just be cordial with your current agent and exit nicely.You never know they might come across a buyer in their network later on that wants your property.Good point Joel Owens, I had an agent get his seller client to sign a second contract when I already had the property under contract.