They would be recorded on title.In our neck of the woods, there have been developments of these over the years and don't hold their value very well.I agree with @Clint Barrett that you may be better off with SFR's.  

The custodian's neck on on the block not yours for owner financing compliance is what I was told re SD-IRAs.curt

New Bldg Inspector arrives & decided to flex his flaccid muscle. 

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $242,000

Cash invested: $80,000

Sale price: $305,000

The house was built in 1985 and needed updating. It was a ...

Big burly guys with neck tats that chew tobacco for breakfast. 

I'm seeing guys standing out at the corner all the time lately.Marlboro in one hand sign around their neck and a cell phone in the other it makes me sick.

@Anneli Villarin  I just me with someone from your neck of the woods the other day.

I'd be happy to refer you to a local attorney in your neck of the woods with significant experience in Real Estate law.

Flex our creative muscles and offer to pay his back taxes off in exchange for tenants in common 50% stake with the disclosure of house must be sold in 6 months to 1 year.  

Once we begin you can get on with your life and not have the burden of your house or your lender hanging around your neck.