"after full consideration of your application and my requirements, I feel that this relationship will not be a good fit for either party.

Or does it just depend on what both parties agree on.

My closing agent oversees the paperwork so that there are no mistakes in securing the loan (the promissory note, which spells out the terms) to the property, filing the deed with the county, collecting the transfer taxes and getting the monies to the right parties. 

., Welcome to the party, as in the discussion boards.

I'm in California, we use escrow companies as neutral third parties.

Also a deal like that would require a clear & executed contract between the parties involved.

The MTM agreement is a type of lease that makes the rental period a month at a time and continues until one party or the other gives proper notice to terminate it.A well design written agreement will protect both the landlord and the tenant and make enforcement of your rental terms easier.

@Mike StadelThere's two ways to do it depending on the renovations necessary:- If it's a short term deal, the investors can wire the full amount to the title company, who then cuts any excess checks made out to both parties.- If it's a longer term deal the investors could wire a portion of the capital (enough to acquire) to the title company to acquire the property.

Closing costs don't always go to the lender - often they are 3rd party fees or fees that are not "profit" to the lender.As many other people said, usually the closing costs are financed unless there just isn't enough equity to make the numbers work. 

The tricky part is that aiphone utilize proprietary wire/cable that it is a little more expensive than cat5 or 18/2 cable.