But I'd be grateful for advice from someone with more experience.Here's an example property:4-plex, 2bd/1ba unitsAsking Price: $170kRental rate at leasing office (other identical units) is currently ~$575/mo.Realtor summary shows estimated gross income at $28k/yr, estimated NOI is about $18k/yrBoth property and the community look to be well maintained, HOA appears healthy.Some readily apparent risks:*With 25 other identical buildings, it may be competitive to find tenants.

I have a buyer for my home but they want a bond for title.

I'd rather them be invested in me (ie, just give me capital and get a return on it) than them have the title of partner, which would make them feel more obligated to more money.If you guys plan on each getting 1/3rd of the profit, look at it like this, if you decide to do it with no partners, you will triple your profits!

I would like to hear others chime in on the practice of taking title in personal name, financing in personal name, then transferring title to an LLC post close.

You can take title in the name of an entity at some local banks at a low enough loan to value.

Apparently the listing agent submits the referral fee info to the title company for the closing, but sometimes the listor can "forget" to do so, so perhaps there is something more proactive to do upfront.

You should hire licensed contractor and subs to do the work if you're not qualified, and make sure they are bonded and insured too.As for the concern over lawsuits, you can:* Buy a home warranty, (or split with Buyers)* Get the information on Home Warranties (most title companies have brochures, or you can get one online) and give it to Buyers, then put in the contract that Buyers have been provided information on Home Warranties, and have the option to purchase one at their expense.

If Everything else is set, title insurance, etc. , I wouldn't have any concern about doing it.

So pluses and minuses exist either way.On REO purchases you should be able to get title insurance, where the insurer will search for liens and insure if none found (or if the ones found will be satisfied from seller proceeds at closing).

@Ibrahim make title is not in person's name with the irs lien & you should be in the clear (dealing with only IRS lien).