@Sebastian E.

Also, write up a mortgage with the title company and transfer the deed. 

Then, transfer the desired lot to personal use.

@Natalie Wells@Colin M.Of course, if you take a distribution from your retirement account you will have to pay the taxes and (likely) penalties.There are possible alternatives which would allow to you use these funds without paying taxes or penalties.First, you may wish to consider transferring the funds to a self-directed 401k or IRA which will allow you to invest in real estate without incurring taxes or penalties.

Comps are send to the appraiser with the e-mail outlining key points.

Then proceed to give the tenant notice via voice-mail, e-mail, text, etc that you will be inspecting the unit 24-Hours after said notice.

Most of my buildings I pay for water/sewer and include that in the rent.If there are security deposits, have the seller transfer them directly to the new property mgmt company outside of your closing.

Congratulations - Seems like a great deal and simple transfer considering you've already got a tenant.Not much to lose on a 0% down payment so it's only up from here.

Equitable ownership is transferred to the buyer at closing, but legal title stays with the seller.This is often used when the seller is selling for a very low down payment and financing the balance.Contract for deeds have an unfortunate history of problems, abuse, and bad rep which tended to over shadow the positive aspects of these transactions.

It seems like a simple enough investment vehicle with the potential for some great returns with relative low risk and not an extremely high learning curve.Is there anyone on here who has experience with this kind of r/e investing?