Secondly I am having trouble figuring out the necessary paperwork that would be required and the process that needs to be taken once you do arrange a deal with a seller.

Other strategies such as sub 2 transactions, installment sale transactions, leases and lease option to buy arrangements can be devised with TIC.Comparing a sandwich lease or master lease, a TIC owner you do not have to worry about the seller selling first before you sell; you can pass title as an owner and executed sales contract through and screw with your tears a partner or you can have a "power to sell"On biggerpockets we have talked about the problems with wholesaling, not being on legal title before we market the property.

@Patrick PlummerIt sounds as if you may qualify for the Solo 401k and yes, it would greatly simplify your situation.Unlike an IRA which is an individual arrangement, a 401k is an employer sponsored retirement plan.  

If you don't want to sign exclusivity with anyone, then make sure they understand up front and that you understand you may not be the first person they call.I have a couple of investors I work with, and I don't have an exclusive arrangement with them.  

From that, be reasonable, if you're new you won't be getting their best commercial financing arrangement.

The department I work for will strip the home of roofing and certain other fixtures and arrange a dumpster to be hauled off as a way to decrease unnecessary smoke products. 

The ROBS arrangement is neither considered a loan nor a distribution, but rather a stock investment in one's own company.

Not enough to get anyone excited Account Closed :-) If you'd like to talk one on one, we'd be happy to arrange a meeting.

@Bill Gulley  Thanks Bill I like the TIC arrangement or seller carryback with forgiveness.

@Mark W.Virginia is a very intensive legal state in real estate transactionsI would definitely consider getting my realtor license if I'm going to do this kind of business in VirginiaUnderstand that you can't guarantee that the tenant buyer will get the mortgage and I would have a registered mortgage loan originator look at every single tenant buyer applicationTaxation of option payments are not involved in lease purchase arrangements, they are earnest money agreements, not option money agreementsIf it was a true option payment, the money is taxed when the option is either exercise or expiresI train in leases, options and other kinds of agreements but I would recommend that if you want to do these transactions, you get licensed