I recommend you find a qualified intermediary who:Will not commingle your funds with other clients.Holds a Fidelity Bond with Errors and Omissions Insurance.Member of the Federation of Exchange Accommodators and Better Business Bureau.Wire Transfer Security measures to counter wire fraud.Have a great day!

Quote from @Jen Anderson: me too but it's getting out of hand- 5 to 6 calls a day. 

And my recent transactions in IOWA thats a whole nother enchilada with their title abstracts literally compiled and handed to the buyers for safe keeping..

On the other hand, we also had three provide cash-out refinances. 

Hands down one of the most efficient ways of learning the ins and outs of real estate investing without taking on to much at once. 

Let me know your thoughts and if anyone has first hand experience. 

But same theory give them a second chance and many times I was negative cash flow I would rent for less than their mortgage to get them going again.. did well over hundred of those and I can count on one hand how many actually were able to totally cure and buy the home back.. 90% of them defaulted in the first 18 months..

Here are my thoughts/questions:-When you say "builder" please give some more background...is this someone who builds a handful of spec homes a year in the area?

@Anthony DiSanzowhy not stay within driving distance to be hands-on? 

Many investors start with personal ownership and transfer the property to an LLC later, but it depends on your long-term goals and risk tolerance.