First off, you can guide the seller, but they need to talk to a CPA or Fiduciary, estate lawyer.

They weren't very response and dragged their feet putting paperwork together and were terrible at communicating with me.In my market I have to be able to have contracts and other paperwork done quickly for rapid settlements.Any DC investors care to share or recommend a good investor friendly RE lawyer or firm?

I was hoping he could recommend a lawyer but his just moved to Florida.

How about Maintenance, Vacancy, Cap-Ex, Lawyer, Accountant, Property Management, etc.?

The seller agreed to a rent w option to buy but because there is no mortgage on the home I would prefer to do a seller financing if agreed upon so I want to present him with the following terms:Here are a few calculations if he will seller finance.Taxes $5130Insurance $800Price $40,000Down payment $2,500Financing $37,500At 8% interest and 15 years; PITI is $853at 9% PITI is $875at 10% is $898For 10 Years:8% is $9509% is $97010% is $990Don't have money to pay a lawyer so I need to do it myself.

But I met up with an experienced investor/Realtor who does short sales and has buyers list and negotiator and lawyer he uses for his deals.My main goal in this is to get started and do something with the knowledge although little and network I've started.

Do you go to a lawyer?

@Stevan AdzicOther possible options open to you are:Use a trust account with your lawyer's practice (fine for purchases, etc., but a little tedious - and likely expensive - for day-to-day operations; orOpen a joint account with your local agent (for your LLC) - implies a high degree of trust in your agent;If you are using a local property manager, all the operations will be through their (hopefully segregated) account for your property(ies) ... this leaves you the option of a trust account with your solicitor for the big-ticket matters.In all the above, you will need to provide identification and may need to have it notarized in NSW and send directly to the parties in the U.S.A. ... we were asked to do this when opening a U.S.A. account a number of years ago.

For example,Agreed upon commission caps from realtors, Set title and doc fees from lawyers, Locked-in CPA fees, etc.

Currently seeking, wholesalers / real estate agents, property managers, contractors, property insurance brokers and Lawyer to set up a LLC and Title company.