I just like JV Agreements because they don't involve any state agencies, reporting requirements, etc.But if you are able to determine at this time that you are comfortable in a longterm relationship with this person, it might be better to have him also form his own LLC, and then have the two LLCs enter into a Partnership Agreement instead of a Joint Venture Agreement.A JV Agreement is useful when you want to limit everything to just one project and then it is ended.A Partnership Agreement is more useful for permanent or semi-permanent relationships.You said you wanted to do the deal without forming any more entities, but not give anyone an interest in your LLC, and so I suggested the JV.

Can anyone recommend a note servicing company that operates in California that reports payments to the three major credit agencies?

I say this because so many folks skirt it by having the realty agency, the PM or the tenant pay it..... that court/case study still says NOPE !

@Inahya Browne Do you use buyer agency agreements in your area?  

I'd look at agency backed debt first.  

Nope, no assignment contract if the end-buyer is getting an Agency 30YF.You need to take full and literal no-weasel-words ownership of the property, recorded at the county and everything, before you can sell it to someone getting an Agency 30YF mortgage @Patrick Milia.There are transactional lenders who will lend to you, based on seeing the end-buyer's loan approval in lieu of your own personal credit/income/assets, so that you can check that box.

Once the judgment is determined you can sell the judgement to a collection agency for 30 or 40% of the value.

And by the way, if you have a buyer agency signed with someone we have these little things called fiduciary duties (OBEDIENCE being one of them), so if they won't present your offer than "see ya later" agent! 

So much so that training magazine has awarded Keller Williams Realty number one in training in all areas not just real estate agencies.

I almost didn't need to do anything, pretty much all of the transaction took place between the custodian and title agency.