I think you need practice wearing business casual.

Closings occur simultaneously and closing proceeds are disbursed.

The contract hinges on my ability to obtain Title Insurance and to simultaneously receive a free and equitable title.

Seems like there should be some borrower protection to prevent it or why wouldn't the banks make it more common practice??

Practice finding deals (for example, searching the MLS).

I'm not endorsing the practice, rather contributing toward your question.

Be very careful, some of these people sell 25k courses and teach very little applicable and practical real estate investing tips.

We both know this isn’t the recommended practice for newbies but the few properties we have found in So Cal are yielding a whopping 1.1- 1.5% cash on cash.

I would like to try to find a cash investor or owner occupant who would be interested in buying it as we currently do not have the time to properly market and manage it.I have talked to my agent (whom I've worked with for years) and she keeps telling me to rent it and doesn't seem interested in listing it.Even though I may not be successful in finding a buyer myself I would at least like to try to give it a shot - maybe even market it for rent and sale simultaneously and see what kinds of feedback I get.

But the notes are really easy and inexpensive to create and it gives separation between lender and developer.AS for the practical application for most of the BPers here that fly under the radar a check with their local state agency would probably give them the answer they would be looking for.Now of course every state is different..