Now for the stirring of "The Pot" (this is because I know some of you love to set the record straight...I've been watching you :)All financial metrics are for comparison.  

Don't tell me, you are maximizing your cattle hacking travel points? 

It fit my goal for the first property which was to learn the house buying process by buying something move-in ready that I didn't have to do any interior work on (all the main capital equipment has been replaced in the past few years) since I travel every week. 

Btw, the 50/50 split is a bad deal for the investors as even the most experienced sponsors with verifiable track records are at 65/35, while many others are at 75/25 or even 80/20.

I think you can (depending on your state) include a "confession of judgement" clause whereby if he does not stick to the payment plan you can record the IOU as a general lien against him the same as if you went to court. 

Have title company to record mortgage and sign mortgage note during that time.

You do use an address for where to return the deed after recording.

I believe the HOA was the plaintiff in this case.In my case, the house that I want to purchase also has a lien/first mortgage from what I can tell (I researched the county recorder's records) to find the plaintiff's assignment that is taking this to auction.

I know that when an investor wants to sell a property to a buyer who is getting an FHA loan that the investor must be the owner of record for a minimum of 90 days, and cannot sell it until Day 91.

I can do my own deeds and record them.not sure why you need an attorney..