This is the most complicated piece because you are essentially the mortgage originator (which might run into licensing concerns depending on how many times you do this and your state), and you need to make sure the person who is buying is a good borrower.3) close with a title company or lawyer (state dependent) who knows how to deal with this type of transaction4) set up an account with a servicer to collect the money from the borrower (not required, but highly recommended from note buyers)5) collect payments

An umbrella insurance policy is much cheaper and far less complicated.2.

One thing we advise our clients to start proactively looking for solid potential replacement early, and that would have the least amount of complications when trying to close.

My understanding is the TN has some crazy rules and regulations that complicate this process.

It can get complicated. 

In most cases, neither is warranted.Warning: I am not an attorney, and this can be a complicated topic.

Not recommended to DIY it, it's fairly complicated.

There is a complicated set of assumptions that go into calculating demand.

It was also $900 a month and very complicated.

I always recommend you go right to the source when you have complicated questions regarding REI financing.