If they are really returning your capital and you have no assumption of debt then absolutely you'll be involved in a step transaction - that's just another way to access profit.But I'm having a hard time picturing that scenario. 

One aspect of the note business that I relish is you can do it from anywhere in the world provided you have an internet access.

Is just saying that you have "access to rental listings" (which is true, VIA the MLS) compelling enough to get renters to reach out to you?

I'm a RE accountant, so my reply is based on complaints/praises I hear from my clients.Investors prefer to have one lawyer for everything REI: LLC formation, closings, private money deals, evictions, litigation and whatnot, even though it's often best handled by specialists.Number one complaint is accessibility.

One year when he was having this a former tenant stopped by the sale and claimed dad was selling one of "his" items. 

You should be able to do this yourself through online access to local land records... using the instrument number or liber/folio of those docs.

@Patrick MartoneIf you refi out of your HELOC, your line of credit will be closed and you will no longer have access to it.If you have a bunch of equity in the subject property, you could ask the bank to increase the line OR or you could get a new first and at the same time pay down and subordinate the HELOC.

Wow this question is so vague I have no idea how to give specifics...On a 10' x 10' room (similar to your standard bedroom) I can remove everything down to the studs in one day.1/2- 3/4 day to rewire (simple cosmetic such as changing the number or location of outlets if you're actually changing the wires itself up to higher codes it can be 3+ days depending on how the house is wired and accessibility)1/2-1 day to insulate1/4 day for any windows or doors that would need replacing for the 1 room2 days for drywall (so long as the studs are straight and level)25 hours of taping (+/- 5 hours depending on the number of corners/edges) spread over 7 days usually front loaded 3-4 hours the first 2 days, then 2-3 hours for the remaining 5 days.2 days painting; 2-3 coatsflooring will depend on the product you're using but unless it's hardwood or laminate you can usually get it done 1 day.1 day trim and molding1 day clean and finishing touches.One thing that shouldn't be overlooked is the time it takes to purchase the materials and get them to the job site.Another is where you can actually do the work.

Use of cozy though allows me to stop rent collections without issue should an eviction start.

Does the MLS give you access to properties only in the state where the real estate agent operates or is it nationwide?