Many of my guests are "regulars", so I try to do one "over the top" per year, and it usually turns into two or more. 

At this point, although she is paying on the note on a regular and timely basis, I am feeling a bit vulnerable as the note has not been recorded in the county docs.   

Why not go into Providence or Boston (assuming you live in Pawtucket) and get a job with one of the major accounting firms which would probably start around $70k vs building up to it plus get you benefits and a more regular schedule?

I know you said you are not a lawyer, but I thought since you work on this type of thing regularly you might have some more insight into the law and how it structured, what the possible details are for implementing, etc. 

Both work regular full time jobs. 

If it's city / county owned, they may only be interested in a cash sale - I doubt they're gonna agree to a regular P&S with contingencies and all that.

They may have access to trades and you need more than a regular guy who won't even show up.

However, you shouldn’t use another regular corporation because it may be deemed a personal holding company (where most of its income is from passive income such as rents and royalties, etc.).

With any new tenant, I think it is important to do a few regular checks. 

Builders regularly increase the base price of the model, so I wanted to explore this possibility...and appreciation is STRONG in North Carolina, particularky around the triangle and Raleigh - Durham - Chapel Hill.Anyway, after mentioning that I'm a real estate investor, the sales agent told me the builder is looking for an investor to purchase the model now, and then allow the builder to sign a 4 year lease-back.