I never thought of this situation even happening and should help me in the future when I make arrangements.

My current living arrangement precludes me from Doug so or I would be doing so now.Don’t study too long.

What is officially needed when I go to settlement to arrange for the home to be used as collateral for the loan?

I'm just a customer/user of this law firm's products, but have no financial or other arrangement with them. 

Also, if the arrangement was so great for the last house, why didn't they do it all over again? 

The biggest benefit of this arrangement was actually keeping track of the hours.

Which begs the question can closings be arranged so seller has lump sum payment in hand before closing on the 12plexes?

An attorney may add an extra layer of a trust in your setup if they feel it is warranted.A very important warning, based on my 20 years of seeing these types of arrangements: investors tend to take shortcuts in setting up these deals.

You can also just try visiting local real estate brokerages or arranging a buyers seminar with an agent and co-op the advertising funds for it.

Some investors are able to push the envelope by getting a higher than normal rent by utilizing a lease option arrangement, or by wrap around selling with a low or no down payment - to people willing to pay more because they want to own a home and do not qualify for institutional financing.BTW, the above enabled many families to obtain home ownership who would never have been able to.