I know it can get very complicated trying to get lawyers and accountants involved, but since it’s “in the family” I think it should be pretty easy.

If you want more clarity, you should speak with your lawyer.

I would get a local real estate lawyer to walk you through the best approach for you.

I've taken note about only finding investors that I already have a relationship with.That is very unfortunate if true regarding the lawyer fees.

He didn't mind talking with me on the phone about it and if 'u ever decided to owner finance something, I'd pay him to write up the contracts and even run the escrow account for a fee.You don't have to be an expert, per say, on the legal details if you have a lawyer work on that part.

I am not a lawyer, but it wouldn't be a bad idea to put some earnest money deposit...

I suppose our estate lawyer may even be able to draw this up - that I would get the title for the house and re-pay them back for their share of $x at x% interest.I guess my other concern is that I have historically bought in areas that are on the upswing.

ALWAYS check with your lawyers when running a business, and a rental is definitely a business.

I contacted a lawyer familiar with this case and he said its hard to tell.

I can handle most of the marketing and listing on various sites (I'll probably not list on MLS initially) but not sure about the legal and other paperwork that'll be involved, how do I screen for serious buyers, what are the main pitfalls, and if I get an offer from a private party, how do you arrange closing, should I hire a RE lawyer, what do they usually charge?