When he called back he told us that the owner took them as they did not convey.

If you get one and the borrower/buyer pays off the contract you better be able to convey title or they can sue you for the whole contract plus damages for lack of performance.

Whether that means John pays or asks for removal is John's business.As far as future conveyances of a property with a lien still attached, as long as the lien survives it retains it's superior power to foreclose.  

@Blake Elder On a sidenote, using a deed of that nature will  not convey your existing title insurance to the LLC     You should use a grant or warranty deed     They are the same thing just a different name      I could be wrong on this but you may want to look into it     Furthermore I don't think there's any more cost associated with the grant deed     I guess you could always talk to the person who gave you title insurance    

The issue I see is granting title under conditions, you can make a gift with strings attached, you may restrict the deed but, after conveyance control is more difficult.

This is not a multi-million dollar property but paying a little more attention to how your images "feel" and what they convey would make a big difference.

You may have to have a lawyer involved that would do this and offer a Trust service that automatically conveys the property when the buyer gets a mortgage on it and pays off your loan.

A great attitude and willingness to learn and be great at what you do needs to be conveyed. 

The LLC Operating Agreement needs to be drafted in such a manner as to convey certain IRS compliance language that will allow the IRA custodian to accept the LLC as an investment of your IRA.  

Can anyone convey a step by step guide on how to attempt my first wholesale deal!!!!!