As your #'s grow, I would expect a discount... but not at the beginning. 

@Thomas S. 

It seems you would be on the very front line of not only knowing what which properties were in default/foreclosure but would also see these properties first hand.Also, (changing gears) I have been offered a position to search within the default list in my area and attempt to approach the owner(s) of these homes with the intent to do a Cash for Keys transaction.

The things that should be in the contract are:The address of the house and legal descriptionThe parties involved:  the seller and yourselfThe price that you are buying it forYour contract is assignableSignatures and dateDeposit amountAny contingency clause(s)

Don't sweat it, just tell them the financial picture changed the #'s.

(S) "Out-of-state commercial broker" includes any person, partnership, association, limited liability company, limited liability partnership, or corporation that is licensed to do business as a real estate broker in a jurisdiction other than Ohio.

What system(s) are being utilized to manage these opportunities? 

My question is regarding the purchase of the redemption rights from the prior owner(s). 

This LLC would need to have its own separate EIN and bank account as well as an operating agreement which defines the roles and responsibilities of the investors, manager(s), etc. 

@Thomas S. makes a good point about insurance.