Texas - Deed of Trust and RE Lien Note - How is this handled?

[Miles Stanley]

I hope this is the correct forum.

I am trying to get the paperwork in order so that when i find a deal that i elect not to use (or cant use) conventional financing and an agent on, i can use the cash from an associate of mine to fully fund the purchase of a SFR. They would loan me the cash and i would pay them back. i spoke with my attorney briefly about this and he said we are talking about a RE Lien Note secured with a deed of trust. i would front all rehab costs (or maybe work up a separate note for that depending on my situation at the time). Later i plan to rent, refi out and pay off the note, rinse repeat.

I have an agent and work with him on MLS things, but my plan is to ramp up my lead pipeline and potentially make several offers a month, which i don't think is a reasonable request for my agent since most of them likely would not be accepted.

Questions:

1. hopefully not a dumb question, but would this arrangement still be considered as "paying in cash" in the eyes of the seller/title company?  This would definitely lead to a faster closing also.
2. how do you actually get this set up?  do i have my attorney draft up some standard forms that i fill out on each deal or is this something the title company does?
3. related to #2, aside from the signed contract and EMD, what do i need to take to title company to get the process going?

Thanks,

MS