But for the sale of them you could write up a bill of sale and stipulate language around the title being provided within a certain number of days (e.g. 180).Without knowing the specifics of the state you're operating, I'd have to suggest you have an attorney prep the first one for you, and then you can repeat the process accordingly. 

I wonder if putting my money into a CD for a few years would be a good idea while I try and generate more income.

In my state we don't have to do it we operate by Napoleonanic law, and if two people agree to it then it is so.

However, always protect yourself with sufficient insurance coverage and good contracts if you're operating as a general partnership/joint venture.

The title company should generate a file or deal number that you would reference when paying your earnest money.

If you are working with a CRE attorney that knows what they are doing, $1500 is a bargain for a custom PSA and organizing a LLC with operating agreement, resolutions, etc.

Most of the syndications I have reviewed recently involve upgrading C class buildings so they can raise rents and therefore values to generate good returns.

We find it best to have a checking account (for operations), savings account (for capital expenses), and a money market account (to keep security deposits).

When cap rates return to historical norms, values will drop unless net operating income increases.

We mail Yellow Letters to high equity and long ownership so it is obvious it's an older generation, but in Houston we don't see the same pattern or get that many people to say those things like in SA.