Getting a notary involved just proves you are who you say you are, it doesn't show ownership though.

But the bottom line is as a investor dealing with a seller without brokerage involve, the best thing you can do is disclose that you are a lic agent and that you are looking to assign the contract your end buyer, investor for a fee. 

But, the loan will come due at the end of the balloon period.Due to the risk involved, the longer the balloon period the higher the interest rate.

I don't want this to get to a legal issue, but given the money involved - it might.

I wish I have more tax experience in real estate but I suppose I'll be gaining more as I invest myself and become more involved in the BP community :) My goal is to acquire 70 rental units in 7 years.

I would love to meet investors involved in flipping as well as buy and holders.

The cost involved are couple hundred bucks and don't need an attorney.

@Dan D. turnkey property you are delaying the need to build your own team down the years (assuming they have done solid work in the property) the basic question you need to ask what is the IRR you are trying to target how actively you like to involve. 

I think my lawyer was involved.   

I did find another property is is in the same town and also a 3 unit multi family over all more square footage but also 155k so it's a higher mortgage payment. 1 more option I was thinking about on the 129k property is doing a 15 year fixed, mortgage would be around 1300/1400 per month so less over all cash flow but faster pay off lower interest.Any advice?