If the owner can wait for the cash-out, he could become your lender and receive monthly payments until you do a ballon in a few years. 

Think BIG.In my experience and opinion, and you will receive a ton in the days and weeks to come, commercial multifamily is the way to go, especially based on your $15K/month goal. 

That is, if they're charging you less than the IRS minimum, the IRS will require them to calculate interest based on the minimum rate and pay tax on that amount even if the interest they receive is less. 

For rental agreements, can't go wrong with http://www.mmha.com/STORE/Download-Rental-Document... or I personally prefer ezlandlordforms.com, they have state specific forms.

I said I have potentially raised 6MM.I received 2 offers last night with hard money lenders, only thing is with higher interest.

At the end of the day, I'd say use the capital in your house now with the hope of receiving income at a later time.Hope this helps.

Is there a standard agreement to transfer the purchase of notes receivable to my name?

I didn’t even know BP had a section with contracts and documents.

Does anyone know if its legal to do this in the State of Oregon, i have tried to contact real estate agents and have been told that they would call back and still havent received that call.

I believe these pricier homes receive less mail than lower valued homes, since high value aren't the 'typical' target of investors.