Also, if this is your first time doing these types of things it doesn't hurt to pay a few hundred bucks to a lawyer to help with processes like this-- it'll be a worthwhile investment so as not to get into the weeds for too long and avoid this dragging out multiple months unduly.

Worthwhile?

This money needs to be in cash to be worthwhile.

COREE is also a worthwhile, more general group which meets the first Tuesday of the month. 

It's lots of work, but in the case of your property, there are the funds there to make it worth while for everyone.Great job.

Try this thread for a bunch of BP links I posted regarding getting realtor's license: http://www.biggerpockets.com/forums/55/topics/39235-new-member-from-phoenix-az And don't forget to vote for that post if you find it worthwhile.

We'd probably all jump through lender hoops if the money at the other end was worthwhile.

The trick is to get your financial package in order, and then invest it into something worthwhile.

Assuming the property is inherently worthwhile to purchase, with competent management your costs, vacancy rate, and delinquency should be reasonable and produce reasonably steady profits. 

Protecting your personal assets from a premises lawsuit related to your rental portfolio is very worthwhile.