Tips on closing cash deals on FSBO

[Zac Willis]

My wife and I have decided to purchase our first rental property. We are purchasing a property from a family member for a nice cash deal. For the sake of discussion let's say it's not a family member, but a regular FSBO with no realtor or bank involved. What is the easy, simple, safe, and quick way to "close" and deed over the property. What do I need to protect myself from? Do we need a closing company? I realize we'll need a contract, should it say anything out of the norm for a cash deal? We're buying in Tulsa, Ok. Any input would be helpful, thanks