The first deed is unrecorded.Also, if you can prove (recording checks, intake sheet, copy of all submitted docs/instruments) that the deed is in queue with the recorder and you are simply waiting for it to be indexed and returned, and you have a title commitment in hand, this should be a non-issue. 

If you’re looking to really maximize short term rental profitability and Galveston is your place.I would consider Austin a second runner up since they have such a great music scene and so many festivals. 

We are in an environment of unprecedented cap rate compression and record low interest rates which is only headed in one direction after this is all over.Yes, make no mistake, the music will soon stop.That has very little to do with an upcoming election and is regardless of who wins the White House or who controls congress after November.If you've listened to Kevin Bupp and Rod Khleif, you know what happened to their portfolios in 2008.These were no amateurs, as a matter of fact, they had many years of investment experience when the music stopped.They both weathered the storm and came back stronger and that is why I remain a shameless fan of both men till today.Several others were not that lucky, and you will never hear their names.In this space today, there are investors and there are educators.The educators have taken over the habitat.That is why there are now more podcasts on real estate than I can get through in a working week.Real Estate education is so very lucrative now that it is possible to make way more money from podcasts and books than in actual real estate investment for some gifted marketers with smooth tongues and gifted content creators.more....To read full article,click link below:https://www.biggerpockets.com/...

I had one gal that did nothing but split payments every month we usually had about 200 loans on the books at anyone time.In Oregon fractionalized loans are a security so you need the security docs.. which as stated is a whole nother level of pain.I liked the bank LOC the best although the PG is required.. so if thats a non starter for you.. check out if you can fractionalize the debt obligation.. and then have some very good language in your debt instruments about how you handle a foreclosure.. our bank LOCs as stated above were all 5 million and up.. we could go 75% ARV on our loans bank then would loan 80% of what we loaned..

It would also be within a 5 min drive to Summerfest, a large music festival.Should I pause and be patient in getting into real estate?

Your excellent real estate agent may be instrumental in this.A final consideration:  if the floor guy is willing to back up the $4/sq ft refinishing bid (i.e. if he biffs it he'll make it right and eat the cost) that's one thing. 

Also people who stay up late need to get up early so disturbing their mornings with some music/noise is in order and not illegal.

Are there any lending instruments or banks that would finance a deal like this if I were stipulating it as a business deal, possibly forming an LLC?

Yes, transferring title from an individual borrower to an LLC controlled by original borrower is exempt from Due on Sale- D1-4.1-02 of the Fannie Mae servicing guide, allowable exemptions-a limited liability company (LLC), provided thatthe mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, andthe LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).

I'll give you the 3ish books that have been MOST instrumental to me in real estate investing:The Millionaire Real Estate Investor - Jay Papasan and Gary KellerThe Book on Flipping Houses and its cousin The Book on Estimating Rehab Costs by J ScottThe ABCs of Real Estate Investing by Ken McIlroyIn these pages you'll find few, if any, shiny objects of "the one thing that's going to make you rich forever", but rather you'll find proven, fundamental strategies that work and are prudent to build your investing career off of.