First tax sale property I bought was a 5 acre lot in a huge development that had originally sold for something like $80,000. 

and now there is FIRTA which requires tax withholding on sales by non-residents/non-US citizens.Here's a list of popular countries, with restrictions:United States--- Purchases in some areas can require disclosure of principals and FIRTA withholding at sale time approximately 15%.United Kingdom--- 3% stamp duty on investment buyers and 15% tax if bought in name of shell company.Thailand--- Foreigners cannot buy freehold land....and only 49% (foreign quota) of certain condo projects. 

But if you are looking at the same property I am that they have for sale...the hoarder house.

Sounds like this may be a short sale.

The way I see it, I’d make some money on my sales commission, but most importantly have my first deal in the bag and a potential blockbuster that would allow me to attract future capital.Your thoughts?  

The idea that you can build wealth without putting any money into it is a recipe for disaster and the sales pitch of gurus trying to steal your money.

So the chief thing this neurotic need to see ourselves as at least NOT LOSERS does for young people is to trap them in a failure-avoidance, risk-avoidance cycle.

If i sell my former primary home on a land contract vs a traditional sale, am i still eligible for the gains exclusion?

Sale price: $550,000 Complete renovation of historic New Orleans Cottage.

Sale price: $550,000 Complete renovation of historic New Orleans Cottage.