I had overlooked the double closing aspect.

So I would also suggest working on this aspect as well before fully committing to buying your first deal.

Or is this the old "define sale" argument about transfers vs. sales?

Well, you have to define that, I suppose, because there are two. 

Please let me know if there's any info missing and that I should be considering in any aspect of a transaction.

There's so many aspects to property in the U.S and feel there's so many opportunities and so much to learn.I am really interested to learn as much as I can. 

While I can't provide details yet, I plan to use the Local Public Offering (LPO) as defined by the Final Adopted NC PACES Act Rules.Just a sidebar, the offering that I plan to submit is not directly related to real estate investing.

Also even though you did not "hire" them, a reduced rent in exchange for a service would be seen as an employer/employee relationship in a court since there is a defined monetary value.

(B) A cause of action may not arise against an owner of real estate in a covered transaction for failure to disclose:(1) that the subject real estate is or was occupied by an individual who was infected with a virus or other disease which has been determined by medical evidence to be highly unlikely to be transmitted through his occupancy of a dwelling place; or(2) that the death of an occupant of a property has occurred or the manner of the death; or(3) public information from the sex offender registry as defined in Article 7, Title 23.

Thank you for mentioning that aspect.