But that part is standard. 

@D MackHi Mack, you will need to send copies of all your lease and option documents to the title company in addition to a Purchase and Sale Agreement which will capture the final sale price agreed by the parties and a closing date. 

@Stephen LynchI’m involved in this in my market for OOS REI and I find that it’s where your thread ended that matters the most - having someone who is an independent party verify all work performed.

I assume even though the problem on our side was taken care of, the other sides owner is deceased and has been a roach party of free food and open fornication. 1.

FYI, Tenant A could be on the hook for your legal expenses and lost rent since they were the responsible party. 

Unless you are only using it to have the tenants pay a 3rd party. 

The advantage is that you can pay it back whenever you want within the 5 years and the interest goes back to your own retirement not some 3rd party lender.

If this is someone you have worked with before or someone you trust and have confidence in then you should form a legal partnership including a partnership agreement that clearly conveys what each of you is responsible for and how you will each be held accountable and the penalties in the event that one party is not doing whats expected of them.

Have you dealt with and/or in between two parties who don't want the same thing for the house?

I started doing third-party consulting and am now in-house with a developer.