@Opus 17 wrote:
you would want professional tax advice from someone you hired........
Perhaps, look for another real estate agent because, after re-reading the original post, it appears as if the real estate agent (a "professional") is the one who proposed this particular way of structuring this transaction and it further appears as if the real estate agent is the person will be one of the members of the LLC.
With "professionals" like that, taking advice from "strangers on the internet" may be the better option.
