At least one interested party is staying on the ownership so this doesn't trigger any monies changing hands. 

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

The thing I love is you can set a late payment to trigger at a certain date and it sends an email reminder to get their payment in if they're approaching the due date. 

I would like to learn how to search out deals, negotiate and be comfortable with pulling the trigger, as I am sure that can be a difficult part of REI as well.

I am just guessing here but I imagine that well over 90% of the investors that make their way to actually see their operation in person end up pulling the trigger.. again just a guess but as someone with 4 decades of expreince at this.. and owning more than a couple real estate brokerages you can tell a well put together shop..  

Now the million-dollar question is whether to pull the trigger on the build given the ominous/uncertain economic outlook. 

Here's some info about using a land trust to transfer your property without triggering that pesky due-on-sale clause.

@Charlie MacPherson a lot of people teach those "trigger" words and phrases but I haven't seen anything in writing from HUD that bans them.

Also, that's likely a due-on-sale clause trigger, which subjects the loan to being called due after the transfer.

I recommend you do a bit more homework before you pull the trigger.