For the average flipper this deal probably wouldn't command a high enough profit margin to justify the work involved, but if your goal is to buy-and-hold, this could be a real winner.

If you want the trust involved just have the trust the owner of the LLC.

Of course, the real estate transaction has been completed, so his involvement does not seem appropriate at this time. 

More specifically an investment property that involves the BRRRR strategy?

The typical issue that arises is bankruptcy where I have been involved in one that drug on for 2 years

I am not familiar with the laws in Texas nor have I ran into a situation like this but I would imagine you would need to involve a lawyer who specializes in land.Being that the owners do not want to sell the actual property the home sits on, I believe that would legally mean (*I am not a lawyer*) that at any time they could say "Hey I want to use or sell my land, get off it by tomorrow" and they would have the right to do since they own the land.Also, another hairy situation with that would be who pays taxes?

Asset Protection is not just about preventing liabilities A true asset protection plan involves protecting you from the Big 4 wealth destroyers: 1.

Total newbie here looking to get involved.

Having the FTC involved would likely result in the finance company returning correspondence to the neighbor.  

Looking to network and learn everything I can about rentals within the Twin Cities area. What are the details? Let's network