When it comes to closing a real estate transaction in the state of Illinois you will need to use a title company and the title company will perform all the title searches and provide title insurance for the transaction.  

I know some people (some are good friends of mine that I respect) teach this type of transaction, I personally feel it muddles the water, and is overcomplicated. 

I have no perspective from that side of the transaction and would appropriate any help/tips.

You may want to speak to  your financial advisor as to how much to roll over and to where, Luckily there are several of us on the BP boards who work for self directed custodians, so you can usually count on sound advice in terms of what would be acceptable behavior and avoiding prohibited transactions. 

If not, you will need to show income to be able to get a loan for your transactions.

@katy @Katy ShearerSeller financing or sub 2, wraps lease option, lease purchase, are private transactions. 

So I always had as many buyers as I wanted but it was also to show the neighborhood homeowners what a hard working guy I was. 1986, My last year having a one man shop with a couple of part timers, I closed over 50 transactions and grossed about $360k in commissions.

You should consider all the aspects of the transaction before making a decision to move forward.Our team is based in China and we have been working successfully with overseas clients to buy properties all over the USA.  

If there is a realtor or a lawyer involved in the transaction, you can almost guarantee that a lawsuit will take place.

I heard that when an out of state owner sells a property in New Jersey that it triggers a 2% transaction fee.