How is title to the property held now?

I mean I would consider buying one depending on the terms and the underlying asset but it sounds like you are saying even with seller financing you can’t just say you misssed 3 payments title reverts back to owner?

His company is rocket title services, he is the attorney there. 

Just be careful to do your title research before bidding on a property.My condolences to you about your friend.

Hey Oren, Your title company should be able to support you with that.

You can create an LLC in the State of Florida online for $135 just visit sunbiz.org. you can then use a title company or get a quit claim deed online and record it with the county government where your property is located.

Once those guys are in place and you have a go-to title company that your realtor recommends and a lawyer.

Your title company should have recommendations.

The other constraint, the seller is not interested in a 1031 exchange if it means owning/managing another property.So far, the only concept I can think of is something like a contingent title transfer upon closing.  

Alternatively, you could do an FHA Title I Home Improvement Loan up to $25k.