If your intentions are to flip real estate - the only money you need is for advertising your controlled property (to find the deal and to liquidate it)- that should be no more than $2,000, maybe $100 consideration on your contract.......Unless you are going to go to settlement first and than flip the real estate paying unreasonable transaction costs.Do you have the needed skills to accomplish what you want to do -- like it or not - flipping houses has a bunch of moving parts -Power prospecting - where are you going to get your leadsNegotiating - do you know how to control propertiesHybrid offers and joint ventures with sellersUnderstanding contracts is important - will you use a long form or a skinny contractAssignment clauses - will your agreement have all the property and self-serving clauses in it.Built-in extensionsFind the assignee and closing the deal - do you know what the proper procedures are - will you collect your assignment fee in advance of closingAre you ready with the what if (s)the assignee backs out and wants his money backthe seller won't come to settlementthe seller wants out or wants more money - he is angry because you made too much moneythe title company will not cooperate because you don't have legal titleauction - will you flip your transaction using the auction methodan agent wants a feethe seller accuses you of operating as an agent without a license you run out of time on your contract, you are in default - the assignee wants to sue you for misrepresentation there is a fire before settlementyour forms; contracts - assignment - disclosures - required by law are not in order - can you defend your positionif you go into a deal and spend $5,000 and it won't close due to judgments the seller forgot to tell you about - what nowSorry for all the negative What if's........ but we are dealing with people - they are complicated sometimes - unreasonable - and litigious most of the time.So be aware - flipping houses, commercial properties, businesses with real estate and non-conforming real estate is not as easy as some would have you believe ---Money - is not the answer -------- systems - techniques - formulas - negotiations and education is!

Seems like the income stream and taxes for two countries complicates the situation too much to make it worth the time and effort. 

There is no "closing" or insurable transaction at a California non-judicial trustee sale.It's a forced-sale liquidation.

My comment is that its more complicated and risky than it seems on the surface.  

sounds complicated to me especially with a three way LLC involved...honestly it depends on the sellers reason for wanting to sell.

A coop is similar to a condo, but IMO, the structure is more complicated, and the coop board can be more difficult than a condo board.  

It's complicated.

I don't want to extend this drama any further and complicate things as I will lose valuable summer time in showing the property to potential tenants. 

Additionally, you can't foreclose on a unit via small claims, it would require a judicial or non-judicial foreclosure through the proper channels.

Is it a judicial or non judicial foreclosure?