How many times now have I pointed out in this very thread where you changed a few key words and then formulated an argument against it?

If an agent really takes the time to understand what's benefiting the client, it's more straightforward.  

If you read my previous post, I emphasized the importance of showing up for the right keywords.

What I've described is a straightforward process.I hope this helps.

Given your situation, a multi-member LLC could be the safer choice to keep things straightforward with the property transfer.

If the prospect puts up a big wall and is dismissive about their record, that is more of a red flag than the record itself, but if they were straight forward and honest with me, I will know I can trust them.

While you’re at it don't forget to set up keyword alerts for topics that interest you: http://www.biggerpockets.com/alerts Also check out The Beginner's Guide (http://www.biggerpockets.com/real-estate-investing), it is packed full of great info. 

Material Participation in a Real Estate Trade or Business.This is pretty straightforward but you must materially participate in a real property trade or business, such as development, redevelopment, construction, reconstruction, acquisition, conversion, rental, operation, management, leasing, or brokerage.2.

Does anybody have any advice on this subject, anything I should watch out for, is a lawyer necessary, does everyone have to sign the deed, or is it a straightforward process I can do myself?

Given the low purchase price, the financing was straightforward and quick, allowing us to close on the same day we found the deal and sell it immediately for a profit.