Now you have a legally enforceable interest in the sale and everyone gets paid.

Bill Gulley Regarding "I've never heard of it costing more per person" in NC that is true with the legal complaint filing at small claims via the clerk of court, but the sheriff service cost is $30 per person in Wake county.

I haven't used it to create an LLC, but would use their service for this if I was doing a basic, small company setup.Anytime I'm creating legal docs for an entity that has a substantial amount of money involved or potential liability issues (i.e. pretty much any real estate venture I'm involved in), I use a lawyer.Lynn

•The actual process of purchasing a house, what goes into it, what legal concerns the buyer should have.

If not I would stop until you have legal counsel.

I can read the title examination and abstract and assess the risk on a quick holding period, I can also go to court and defend myself in any title claim, if need be, I can pay for expert defenses, and fight claims.

I am not in the business of disagreeing with legal counsel, but you may want to simply chat up another attorney to see what their take on the matter is around your specific situation, they may be other opinions.

You will probably have to find a broker with a brokers license in both states if you legally can't get your own brokers license right away.1.

Another book I will recommend is:Every Landlord's Guide to Finding Great Tenants by Janet PortmanThe author is an attorney so she covers all the legal issues about renting property.

Generally banks do not participate in non-banking activities (like residential leasing)... but I am not a bank examiner.