I would be using it to CLOUD a TITLE.

When collecting cashflow and/or proceeds of a sale from an investment property (investment strategy probably doesn't matter) is there a significant difference in dispersing/collecting/receiving/using those funds, depending on how you hold title to the the property? 

He did get an attorney and they need an abstract of title and survey etc.

(yet) But if I were in your position, I would be sceptical of renting to anyone that doesn’t have a bit of skin in the game.

I have been at this game since I was 23, always have been a buy and hold investor, I have only sold 1 investment property thus far....But I agree with your process at age 60 sounds like a great time to unload and truly have passive income....Have a look at some high quality REITS as well like O, DLT, and VTR as well as utility stocks that throw off nice dividend yields on a monthly and quarterly basis.

If you're not super interested in the REI game anymore and would prefer to invest elsewhere, then it's just unnecessary hoops - you have to decide what your long-term goals are and go from there.Best of luck!

I am looking to bid on a foreclosure (upset bid after sale) and I got a title search done that showed a Contract Memorandum between the owner and a Property company (assuming its for a sale) that was filed after the initial foreclosure sale at the court house. 

Its not so much that you have to do it yourself, but Realtors are in the retail game, not the wholesale game.

@Megan Elmendorf Yes, she can be considered a 1st time home buyer if she hasn't owned or been on a loan and title to a home in the last 3 years.

The lower paying job might provide me with an extra hour or 2 after work but not a game changer.