Congrats, it's always uplifting to see real life success stories.i can share that just having this first taste of income not from your own labor is indeed liberating.i would like to throw in the mix that "retirement" is not necessarily meant to spend all your day doing nothing. it's a great time to develop as a human being and as a person. learn new skills - painting, playing a music instrument, surfing whatever...the real goal is not  to drop out of life, it's to increase your level in life.hope this helps throwing some ideas into the new found freedom

I haven't done much searching for competition yet but these guys looked promising: http://www.texasinvestorloan.com/ with 30 year fixed, with my credit I may be able to get 5% and 20% down is very close to a fannie mae loan and if they will allow the home to be purchased under an LLC having a Trust be the manager of it and the name on the deed instrument that could be very intriguing.

I think Florida is a lien theory state, so can't advise you on the instrument to use, but yes, your title company should be able to take care of the paperwork for you.A lot of this depends on the seller's situation.Good luck.

The podcasts have been instrumental in my own real estate endeavor.

@Damian S. the deed and the mortgage are two separate instruments.

Def use an attorney especially once you go to close so everyone signs of on agreed upon terms when the security instrument is drafted.  

A convertible debenture is an example of such an instrument.

A remainder in property law of the United Kingdom and the United States is a future interest given to a person (who is referred to as the transferee or remainderman) that is capable of becoming possessory upon the natural end of a prior estate created by the same instrument.

However, the last sale instrument (2003) for the property was a warranty deed, so there shouldn't be any title issues.It *is* on a half lot.

In order to prove standing in a foreclosure, which most jurisdictions require proving standing on the initial compliant/filing a copy of both the security instrument (mortgage/deed of trust) and note or LNA must be submitted.