I'm not a lawyer and not giving legal advice  -  I'm not a CPA and not giving finical advice  -  Simply my opinions@Ike MutabannaTo find a lawyer try checking on the Texas bar website www.texasbar.com You can choose specialties such as Real Estate and professionals with an office location near you.My $0.02 on the Series LLC concept  - I read David Willis' books - it seems he likes the use of Series LLC's for asset protection. 

I choose those other places because I travel a lot for work and I have liked neighborhoods in all of those states. 

If your parents have been living there for 16 years, it probably has the same flooring, has not been painted and has minimal updates. 

@Tom Gimer Thanks Tom...in this case there are two many issues that me as the seller and my future buyer just don't understand....especially with owner financing and lead paint disclosures etc , etc.....but I will put as much in the offer as I can but it will still have wording in the offer that it is contingent on our lawyers  creating a formal sales contract in "x" amount of days....I know of no other way to do this since I lack the knowledge to cover all the bases.....but I will take your advice and get as much in there up front ...if there is a better way then please let me know

This typically involves a custom IRA owned LLC or 401k trust where you can operate out of a bank of your choosing and have signing authority for the plan. 

The seller could be saying 'it's livable' but the 'fully redone' might just be cosmetic touches, new paint, new fixtures, etc.

I have sprayed tubs with epoxy paint using my Porter Cable pancake - just remember to drain all the water out first and/or get a water trap. 

If they are as good as the picture you paint is there a reason they are not being offered to the open market?

What route to choose really depends on your goals.

My agreement clearly states that I have the right to assign (if I choose so) it to anyone including investors, other cash buyers, etc...