As a seller, this allows you to avoid any costly repairs that you might otherwise have to do.If your house is priced right and in an area where it can be fixed up and sold, you will have several investors interested in it.

I just wondered if there was a legal way to avoid this and we're definitely talking to our attorney about options.

Im trying to avoid having 50+ sheets of paper for the seller to sign and myself to keep track of.

Therefore, a person who provides assistance on a real estate transaction to a friend or relative, without compensation, does not need a license" at  http://www.idfpr.com/faq/dpr/realestatefaqs.pdf which is why I was thinking of including it.As my compensation from this transaction would solely be coming from the sale of the trust to the end tenant buyer, I presumed that I would be able to avoid the license.Thank you again for your time and comments, My goal is to get feedback from people who do this on a successful basis so that I can put myself in a position to mimic their success.Cheers,Rob

Someone who finds loopholes to avoid/defer ordinary income tax.

Devon Garbus how can I avoid doing that?

Wholesalers try to avoid being "unlicensed brokers" by becoming a principal in the transaction.  

Would you bump the down payment up to avoid this?

Following Robert's premise of avoiding doodads helps to keep positive cash flows and have some money set aside for investments. 

A vendee in default may, prior to the expiration of the thirty-day period, avoid the forfeiture of his interest under the contract by making all payments currently due under the contract and by paying any fees or charges for which he is liable under the contract.