Just because we have a common uniform instrument in GSE's documents doesn't mean all loans use those nor does it mean all transaction types warrant those.  

Google maps might show you a house that burned down a year ago.Title chain is also very important. 

However, I get what you're trying to do in order to be able to just print off a balance sheet to show your Net Worth.I do disagree with your CPA about putting in an offsetting liability as this still will not get you what you're looking for.Instead, I would create a separate asset called "After Purchase Appreciation of Asset" and debit that for the increased value.I would then create an Other Expense (Not an Operating Expense) and I would call it "Non - Taxable/Non Deductible Transactions". 

If there is an interest on both sides, you could set up the land trust so that the transaction remains confidential.

Right now I am hiring my father as a handy man, so in order for me to deduct those expenses do I need to have an LLC and a spearate account for handling those transactions?

I'd love to hear if someone has achieved that however, and was able to put the property into an LLC after the transaction without violating the due on sale clause. 2) I forfeit many protections of the LLC by being a resident and manager of the property. 

Then I have to go to the Secretary of State website to enter the entity name and see if I can find the name of the actual owner (human) who owns the LLC and then cross-check the mailing address provided by the Title Search report to see if it's a residence and if it's the residency of this person.It's not only highly inefficient and not scalable but also highly inaccurate. 

Transaction coordinator.. if your highly efficient this is an excellent position for west coast folks my wife pays 400.00 a file to her transaction coordinator and will do 30 deals a year.. so that's 12k from ONE realtor most coordinators once they get a rep will have 10 to 20 agents.. easy to make 100k or better your not going to do that wholesaling on the west coast starting out.3.

Most of it is either daisy chain crap or overpriced stuff that inexperienced buyers think are deals.

Does anyone know how to purchase foreclosure auction properties with transactional funding ??