Never done that before and was wondering what anyone would recommend in terms of how much is a far rate to pay them if their money is tied up 3-4 months and what type of documentation I mighty should use?

As always document.

Read all those documents, then you can call the Planning Staff and schedule a meeting to discuss what you're interested in doing.

The COE Settlement document is all he is entitled to.

He's open to it, but warned that it almost guarantees an audit and requires added 'precision' on our part -- which could mean IRS headaches if we ACCIDENTALLY/UNKNOWINGLY did something out of bounds or didn't document something correctly, etc.My conclusion is if you're doing 'simple' SFHs, and/or you're not an LLC, or anything 'special' a CPA who specializes in Taxes and REI work would do the job, an EA who's good with REI would likely be better; but, if you want to do anything unique/creative, or outside the box or also wish to then have the business succession planning or have kids and want to have the business continue should anything happen to you...and all that added planning, maybe a tax lawyer would be best, or a Tax Layer who works closely with the CPA/EA...make sense?

I can send you the full document if you're interested.

If they don't reserve the minerals within the transferring document i.e.

As always document everything, keep his nasty note too in your file Good luck on re-renting  the property, the market has picked back up over the last week or so

I have an attorney that will close the sub-to deals the right way out of Austin and another in Dallas but they do charge a premium to handle all of the proper documents, mostly disclosures about the underlying lien.I do know another investor that works only in the Killeen market and is pretty Savy as all the do is the sub-to type deals up there.

Your attorneys is going to tell you to document everything.