I thought the guy was going to jump off the stage and slap the lady for not following instructions.

The payroll would be safer, the rental arrangement may have issues, if the rents paid from sales commissions became excessive for the value of the space rented, it would become clear that you were circumventing the law!

Then I told her that if I was able to find a good deal we could arrange a joint venture.

While it is written for legal eagles, I suggest you read it carefully as to federal case laws cited and the issues faced in lending.I have seen several suggesting the use of pre-arranged quit-claim deeds as a deed in lieu of foreclosure in providing a loan, it's a bad idea.While it is addressing conventional lenders, such as banks, it applies to all privately financed transactions, including installment contracts such as land contracts or contract for deeds.

I give 3 or 4 construction draws for 100% of the estimated rehab cost, but I give them in arrears of each stage of the construction, so the borrower must also have 25 - 33% of the cost of the rehab in reserves, as well as reserves to cover carrying costs.

You'll need to arrange pay off.  

If you are getting title insurance and paying transfer taxes than your local GA attorney can make the arrangements for the mobile notary in FL for you.I don't know GA landlord / tenant laws but it is very possible that if the tenant has a lease they get to stay in the house at the current rent until the lease term expires.

ArtLook around the house a see the arrangement you are having.

When I was in the military I had a number of living arrangements with friends very similar to what you posted, and most of them were not good situations by the end.

three months of bank statementstwo years of taxesone month of pay stubs20-30% down paymentnicely arranged on a flash drive