bank owned is better or finding a direct link to a bank(s) and get stuff directly from them.  

Here's a link where @Chris Martinposted about reserves as the lenders want to see them funded, and where I gave some links to projecting useful life of various systems to facilitate establishing reserves:http://www.biggerpockets.com/forums/432/topics/867...

I attached the link to the legal zoom page below its $160 which is basically the cost of a PO box, plus it is usually more convenient than traveling to a mailbox or PO box to check it all the time.

@Steve BabiakI hope you post all prior thread links regarding this topic.

The list provided in that link is not overly accurate.  

Feel free to connect with me, and I'll be happy to send you a link when it's available.

Whatever the situation, if you prefer to set up an LLC you can use the link below.

We have a monthly BP meetup in Denver, I'll send you the link once its live!

Link below if it works.http://www.meetup.com/Colorado-Springs-Real-Estate...

Pulled this link from the internet regarding a description of contract for deed, which looks like what you are describing.