The condo association in the past was in significant financial trouble, among other things.

Plus I have keys for MY PROPERTY and at a minimum copies of all documents associated with current and past tenants, along with passed over applicants in case of a lawsuit due to a false housing discrimination suit.

Our local Realtor association (NPSAR) has argued extensively against it. 

My comfort with notes in Missouri is that I'm licensed to practice here and thus can avoid a bit of the legal costs associated with hiring a local attorney should issues arise.

I would say that 90% of the folks that post here are posting about those subjects along with PM.When in fact for every home that sold ( unless its cash) there is a note associated with it.. 

At large law firms, 50-state surveys are saved for the summer associates and cover a myriad of areas, but 50-state surveys become less and less common the smaller the firm gets as the firm will focus on more niche practice areas and geography.Regarding a borrower refinancing or selling the property: I cannot speak to the normal practice that @Marco Bario may be able to address, but this situation should be clearly addressed in the agreement between the original note holder and the party taking the partial interest (whether through assignment, fractionalization, or whatever method is used).

Order Checks and a debit card and only purchase stuff for that specific property with the card associated with that account. 

If they buyer had stated he wanted to use his own title company and pay all closing costs associated with it from the get go, the seller would not know there was a simultaneous close. 

Things like tax liens and deeds can have different cost associated with them than purchasing a rental property will.Next find some reputable passive custodians and do some online research.

For example, look at auto deal association trade publications, they often have classifieds with dealerships for sale, paint shops and body shops for sale or lease and those seeking opportunities.