If your area doesn't have title companies, then just ask a real estate attorney (they shouldn't charge you for a five minute question, in my opinion)

With an RE attorney writing the contract and terms you should be able to get more in interest than on those CD's.

Is your attorney experienced with real estate investing?

Even though they're expensive, they have an attorney work directly with you and go over all the ins and outs of what you can and can't do.

Best to speak with an attorney who's knowledgable.

Add to that the documents that must be a part of any closing package and a full understanding of what those documents must contain, when the borrower must get them, as well as those things a lender is required to check before making a loan.Lending on real estate or a manufactured home that you did not actually live in before you sold and financed it has become very complicated, and the new federal agency, The Consumer Financial Protection Bureau intends to enforce both state and federal laws through a new joint agreement being signed with all the state attorney generals, and several other federal agencies.As much as I dislike writing this because I know people won't like it, the reality is the internet is not the place to get information on lending law.

In my opinion, and LLC is your best option....That said, I am not an attorney, and the best advice we can give you is to talk with your attorney and tax adviser to make sure you are making the best possible decision for your situation!

Hi Scott,It's great to have another attorney on the site.

What is the best way to find a RE Attorney and what can I expect to pay for services.

In TX, they must be drawn up by an attorney and you or any RE agent/broker can not write up lease option contracts.