You feel like you're helping someone and they do stay a long time. 

Went smoothly, and he got the deal done.  

Would like to network and share our contacts and experience with contractors, lenders, experience, etc.  

If you are out of state, who connected you to the contractor and what references did they have?

My wife and I used to do flips in this area, and I have a couple listings along with long term rentals I manage in the area..For the co-host, they typically do not handle permitting and other items like that (this can be agreed upon between you and the co-host.

It hit the market, and in just 2 days, we had multiple offers and sold above asking price.

If the non-signing spouse agreed to the easement and received and accepted the consideration paid, it very well may be valid as to them. 

Be sure to really dig into it, talk to others in your market, and make an informed decision.

What are the potential pitfalls or challenges in launching and running a title company?

@Chris GibbinsI am in a group where many have invested in atm funds and they are not going well at all.