I am interested in Buy and Hold properties and investing in Philly.What part of the city are you looking to flip in?

Even with two possible outcomes I won't be left holding a worthless note.

@David What I have found out in the course of the tax lien world with Florida is that many times a person who holds the older lien will wait to see if any of the other lien holders, providing that they are past the 2 year redemption period, will go forward with the foreclosure instead. 

The BRRRR method is quite attractive to me, I'd like to buy and hold and get great value in that. 

I get that I would be buying out the shares for the individual who holds all the shares within the established LLC, and it seems there will be no closing costs.

If this meets your criteria, and you plan on holding for a long time, then no worries.

It's a fixer-upper triplex with fourth unit in the back, ~80k. the goal is to live in it and possibly do a BRRRR. probably looking at an FHA 203k or hold off and rehab it over time as i get the money, potentially using the cash flow to rehab it. 

How much are the sellers asking for holding 

In instances like these, I have pulled the assignment fees out of the purchase escrow and had it in a holding escrow only and upon the close of the purchase, the holding escrow is close and disbursed.

I am looking to network with other wholesaler on buying properties for flips and long hold.