@Sharad Bagri, I think most people would simply have their lawyer prep and record a quit claim deed.

I can tell you if you need to follow the telephone recording requirements for note collections and having a collections activity log but I can't just answer how do I learn.......at east beyond what I've mentioned.

If the person managing the synidation does not have a pre-2007/2008 track record, that is not one I would get involved in.

To locate a property owner, you can typically visit your local county recorder's office or the tax assessor's office.

You need to demonstrate you are worth the risk.If I were to invest in someone else's deal, I would want to see their track record.

The LLC in this case is more just asset protection and not having your direct name listed on the county tax record.

Certainly track record is very important, but track record is so much more than deal performance.The last decade was a consistent bull market so almost anyone could put some runs on the scoreboard while learning little to nothing.  

You can start with interviewing 2-3 agents and look for proven track record.

Also, we have a team of fifteen employees now, with processes and systems to scale.Given my track record and ambitious goals, I'm exploring ways to attract investors for fix-and-flip projects and rental property investments.

But, none of them are willing to discuss the matter on the record.