It sounds like you don't have to worry too much about capital gains, but if you do, maybe talk to a lawyer/accountant to see if you could 1031 it to a small multifamily in Texas.

Consult a RE lawyer.

We decided to go ahead and create an LLC, but were told by our lawyer that after closing on the the property we wouldn't be able to move it over to the LLC until the title is filed and that takes time.  

I also own and operate a subpoena service company working for numerous lawyers, which has helped me learn a great deal of the real estate-related process.

Another one I see a lot of, is people seeking advice on real estate investing from the wrong people, such as financial planners, real estate agents, lawyers, family members, or unsuccessful investors.

I contacted several of my friends this weekend, an engineer, an architectural designer, a real estate agent, a real estate lawyer.

Does anyone know of any realtors/lawyers/cpas in Baltimore, Maryland that handles these types of transactions?

\for 1003 appPaperwork:Lease for 1 year 2 possible extensionsseparate option to purchase with 3%option fee (all negotiable but be fair to Buyer)Use the CMA average for sales price (#1)Use the Property Manager Rental Analysis to do the rental amount lease #2Use a PA Lawyer to draft lease and optionIf the current renter does NOT pass some reasonable ability to repay with the RMLO find another renter that will or give the current renter a ROFR til the end of the lease. 

I am not sure about the things that I will say, but let me know if you talk to a lawyer, or if you dont plan to.

A lawyer can draw up the paperwork and the closing can be handled by a title company (or lawyer).