The Governing Instrument A governing instrument is the document or documents governing the creation and internal affairs of the trust and the conduct of its activities.2 The governing instrument must be in writing and executed on or prior to the filing of the certificate of trust.

Take half of each of those raises and put the money in a savings account or other instrument that you can access easily so that when you come across a good deal you can get to the money. 

Lease terms often give lessor a claim against other assets of the lessee in the eventof a default.SALES CONTRACT (LAND CONTRACT)A real property sales contract is an instrument by which the seller (vendor) agrees toconvey title to real property after the buyer (vendee) has met certain conditions specifiedin the contract and which does not require conveyance within one year.If a buyer can make only a small down payment and monthly installments, a realproperty sales contract may be appropriate.This device, variously designated ‘‘Installment Sales Contract,” “Agreement toConvey,” “Agreement for Purchase and Sale,” “Land Sale Contract,” or “Land Contractof Sale,” must meet the requirements set forth in Section 2985, et seq. of the CaliforniaCivil Code.Historically, the primary advantage of this instrument to a seller was the ease withwhich seller could eliminate purchaser’s interest in the event of default.

Do we still file a Deed of Trust or is there a different instrument that is used?

Obviously, you need to consult a local attorney to review the note and security instrument  (mortgage or deed of trust).  

Hi,I am trying to buy a home, it's under review , home inspection is done, in home inspection I didn't get any termite problem, report came out ok.I was with the home inspector all the time, he didnn't use any special device/instrument to figure out termite problem, it was pure a naked eye inspection.Today, we eqnuired from city hall, they gave us a copy of compaint filed few years back It says that tenant has complained about bed bug problem.So, Just wondering if this is minor issue, should we ignore it..what should be our reaction on this report.

But that will then lead to a change in legal descriptions on deeds/security instruments and other recorded documents.

Both deeds of trust with private power of sale and mortgages are used as security instruments.

In order to satisfy your desire for further investing now you could always take out a HELOC or other debt instrument on the new house and use it for investing.The other option is to think of the new construction as investment.  

This was a period of intense speculative enthusiasm — for houses and for financial instruments based on mortgages as investments — and it was also a time of great regulatory complacency.