That's all you need and you actually do have more control than an invalid instrument misapplied by definition, providing covenants that are opposed to the type of agreement that require specific obligations. :).

Just make sure if you get a conventional loan that it's a Fannie Mae loan and not a Freddie Mac loanFannie allows a transfer of the property to: a limited liability company (LLC), provided that- the mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, and - the LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).Source: https://servicing-guide.fannie...

Due on Sale should also be in the security instrument.

You want to have an attorney draft the partnership documents and security instruments.

We discuss craft beer, music, and movies on the podcast.

Over the last 6-7 years, Austin has posted consistent job growth (3-4% TTM job growth is some of the best in the nation), outstanding population in-migration (I've read something like 150 people a day are moving to Austin), good civic leadership, a very aggressive economic development corporation here which is actively recruiting companies here (see the RECA site and Opportunity Austin 3.0 for more details via the Austin Chamber of Commerce), and some excellent structural advantages (i.e. flagship UT 50,000 + students, temperate climate, relatively low cost of living, music culture, etc.).  

One with a hell of a lot of resources to keep the music playing. 

The details matter, who is on title, who signed the security instrument, etc, etc.

However, I do credit my degree in English heavily for my success in real estate as my dad credits his Music degree.

A bank check can be rejected by the issuing bank 6 months after being presented (if you run it through your account), and can be counterfeited, so that isn't a reliable instrument anymore...