I had five closings last month, two sellers threatened to walk at the closing table, one buyer bounced his deposit check, one closing was delayed for almost a week due to a crappy RE lawyer who was handling the file, and a private lender refused to sign a satisfaction of mortgage until we put the check in his hand which meant we had to drive three hours to his house with the check.

You might want to talk to a lawyer in the process and make sure some ancient "Homestead Law" doesn't exist on the books and make sure you can get clear title.

It was a probate lead which was turned over to the lawyer who became the executor of the estate.

I like the seller finance deals, just check with your lawyer on all the Dodd Frank regs and you'll be fine !

My biggest concern, owning 50% of the property could mean owning 50% of the mortgage as well, and if your partner screw up it might get to you, but you will need to provide more details to your lawyer.

They were advised to get a lawyer to get the deed in the brothers name in order to sell it, since it is still in the deceased parents name.

Seeing a lawyer definitely sounds like great advice. 

We have no idea how much truth there is to his story, the landlord had also told us that he was going to get a lawyer and try and save the house, although I am fairly sure that never happened.

Some states will "make them pay" for being a month behind and not evict until after multiply months of being behind.I'm not a lawyer, just something I have gone through.

The people that benefit from most  from an LLC's  is the Lawyers that can charge you to set one up.Very few should ever consider one.