I'm just wondering if it requires the same paperwork and requirements as a regular mortgage, or if it will be easier to obtain since the house will serve as collateral.Thanks!!

When they put you in a position where you can't justify why your LLC (or you personally) is getting a cash withdraw because you don't have any paperwork/receipt... that is an issue.

Renting out my spare rooms definitely got me familiar with the process a property manager/landlord goes through (paperwork, showings, background checks, collecting rent, etc.).

Just prior to closing he was going through his paperwork and realized he had no pics from closing walk through.

What paperwork would the lawyers need to generate to show 50% ownership to each party?

You officially file paperwork to get put on an eviction docket?

@John Jackson and I have been helping home sellers sell on lease options for collectively more than 40 years.I have a blog that discusses creative financing, no bank financing,  http://beta.biggerpockets.com/blogs/3-reiskills-an...To Acquire or Control, 1 lease option (sandwich or assignment)2. wraps or AITDs (resell on wrap or lease or lease option)3. sub 2 with or without a note (lease or lease option)4. installment sale (contract for deed, land contracts, etc)5. straight option flipThe SAFE Act and the Dodd Frank Act applies when you are the Seller selling to an owner occupantIf it is you the REI acting as a principal, then assigning the paperwork, and the new tenant buyer is living in it, use a RMLO to look at the 1003 app and "bless the transaction".  

You should be submitting the the paper work to the title company but the location and information of the title company should be provided to the seller in case they have any questions.

I've found a couple of good RE agents to help, a CPA, an attorney filing LLC paperwork friday, and still looking for honest contractors.

I was just given the paperwork that the sellers son signed a 12month lease at 575.