Set out the business plan in detail in the beginning, and any variation requires unanimous consent?  

What can come into play are homestead exemption rights, as to amounts, but raw land may have homestead rights as well, there will be variations state to state.

PM) = $450/month after refi*   Partners split cash flow based on agreed %'s.There are many variations of this, based on who the partners are, what their responsibilities are, and the particular property, but this works like a charm.  

All of the others will be a variation of title transfer but without the comfort that comes from having that warranty attached.

In places like North Dakota (and many other locales) there is not as much variation between many properties 100 miles apart (there are few sweet spots). 

And I know with the seller holding the paper I would get title.Which approach or variation would allow me to get the property and have full control over it while saving him taxes.  

Characteristics:http://www.woodweb.com/knowledge_base/What_is_hear...Pictures:http://www.longleaflumber.com/reclaimed-heart-pine...Of course, quarter sawn looks most refined - but you can see the beauty in all the variations

With that being said 3 important tips: First, try to use a slightly different list or variation of a  list that most use so you aren't always overlapping with others...

You do know there's great variation of quality and thickness in these products?

From the private money lender's perspective, it seems in Indiana there is a one year redemption period (assuming the 92 different counties don't all have variations on this).