Hey Liz,As a loan officer who has completed more than 2,200 loans in Minnesota, I can assure you that attorneys are completely unnecessary, and expensive in Residential Real Estate in MN. 

Furthermore, they will pay the monthly rent to my company regardless of occupancy, so the 5K/month is assured.

Rest assured; the process is designed to be straightforward. 

I assure you there are sharks looking for chum; and YES, vet those sponsors. 

I can assure you they don't have all real estate titled the same.A lender will finance your real estate because the real estate makes sense, your track record/balance sheet  and your personal guarantee.

I assure you, I’ve been around the block a few times—though not quite as many times as I’d like when I’m out running errands!

Rest assured; the process is designed to be straightforward. 

And both the contractor and agent assured me that this isn't anything too crazy which is good.

We're comfortable with that though as we want assurances that their financials are healthy.

I'm sure most of them believe they are doing good, however I assure you, you can have a much more legitimate sales job.