They all think there is a legitimate case and that it’s the subject of fraud.

So basically, your parents shouldn't face any tax consequences as long as they're just contributing the property to the LLC and not selling it.However, it's important to be aware of the potential for reassessment of the property's value, which might impact property taxes.

From your response, I will probably start investing in tax brokerage accounts after I get the house hack as the DP and retirement funds are my most important goals right now. 

If i were to buy a house subject to and the home owner decides not to pay his taxes or assaults someone how much time would I have to recoup my investment before the property is taken through lis pendens or a suit and how can I protect myself from this?

ThanksACQUISITION:Purchase Amount: $395000Interest rate: 13% for 12 months interest onlyClosing Cost (Settlement Charges) $29238 paid out of pocketAnnual tax: $5500ARV: $630000Rehab Cost: $120000 (100% finance)Down Payment: %55000 paid out of pocketRefinance After How Many Months:12 monthsRehab Time: 6 MonthsREFINANCE: Loan Amount: 75% of ARV= $472500Interest Rate: 7%Closing Cost: $20000Term: 30 yearsINCOME: MonthlyRent: $5200 EXPENSE: MonthlyFix expense:Tax: $458.33Sewer: 200Variable expense:Vacancy: $260 (5%)Repair: $156Cap Ex: $208. 

Quote from @Robert Allen:  Ask where did this guru learn tax liens about ... and what are those people doing nowadays .... 

Intangible Tax to Simplifile2.

Specifically, the property taxes can make things kind of tricky when it comes to the overall cash flow. 

Tax Advice: What tax considerations should I be aware of as a Canadian investor doing Fix and Flips in the U.S.?

I am an insurance agent, income tax preparer, landlord and President of the Illinois REIA.