Looking into buying my first mortgage note and need your help please

[Michael Beur]

I am a Realtor in State of TX and have have some rental homes. Looking into purchasing Seller financed notes( Not bank notes). I have found a local broker whom has a list of these notes for all over the cournty. Some are balloon in 5 years, some are traditional 30 years. I am concern about the safe act which passed few years ago and not really sure what I should look into to make sure the notes are legal and I will not have problems down the road. The Broker indicates that all transaction will be going the title company and with a new title insurance.

What Should I be looking for to make sure I am not getting myself in trouble?

Thank you in advance