Of course, an attorney would form the entity and could probably help with the necessary paperwork, but I wanted to get educated on this for my own understanding.

Hey Sean,It is definitely a tough time but doable and you can always find house hacks but they work best when renovations are needed.There are tons of deals on the MLS in Connecticut where we invest.I believe the key is to act quickly, know your numbers and your buying criteria .If you know you want single families with 3 bed 2 bath, set up an alert for that and get your paperwork ready to offer once you find one that matches.

I dont see why they wouldnt, but my loan will be sold to PennyMac and Im sure it will be a paperwork triathalon.

In addition, what kind of paperwork/headache and fees are involved?

It wasn't disclosed verbally but potentially buried in the paperwork.

I did however find out that when I bought using someone else’s “required” title company, the fees were about double what I’m used to, and their title report was a mess... there was 30 or so items that needed to be addressed before I signed any paperwork.

I am thinking I am going to send him the paperwork to cancel the contract even though I don’t think we actually have a contract.

Make sure you are talking to a licensed contractor who is good with paperwork. 

Is it common practice in this type of situation to I guess buy out the listing agent's commission at a fraction of the commission in exchange for guaranteed money and not having to do any of the paperwork? 

I new to the paperwork portion of this.