A trust company facilitated the transaction.

Its a good way to exit a transaction with a lump of cash. 

My partner made the point that the tenants could possibly do damage before they leave and we would like to eleveate the risk with a clause stating: "  Closing of transaction is subject to condition of property meeting acceptable conditions based on initial inspection and remaining in said condition as of day of closing.

My experience with real estate transactions is limited being only involved with purchasing the house I currently own free and clear.

Can someone refer a company?Thanks in advance!! 

I want to also see the money earmarked and set aside for the transaction. 

Get a syndication attorney to help set up the proper agreements.The foreign investor will have currency exchange rates, withholding, and entity creation to think about.Whether you want to partner with them directly or have them be a completely passive investor with no control makes a difference.Bryan Hancock would be someone on here to run your scenario by.Doing a syndicate myself makes sense because of the returns I would get but putting all that together as a commercial broker transacting a 1 million dollar deal for 30k commission is not worth my time.I am looking at putting a few of these together myself.I want the setup to be ( sponsor fee 3% going in , 20% equity slice, cash flow percentage after investors are paid, and sponsor fee / commission of 3% when it sells ).I only would take exit fee if a profit was made on the project and take cash flow only after investors are paid first and reserves were in place.

It costs $0.25 per transaction, so essentially $0.50 for each payment.  

"  $200,000 - $175,000 = $25,000 equity position$1,600 a month income (fully rented) = $19,200 annual rental incomeYou are spending $0 in repairs during this transaction. 

In some cases like bank-owned transactions, it becomes the buyer's responsibility to pay for the resale certificate.A lot of times, you can get information about the HOA by directly talking to the property manager.