Should I discuss some bullet points and do a small contract between me and the buyer or is there a standard contract for such that we can agree up on terms prior to handing the deposit to the title company?

I am planning to keep the property long term.

You would want a contract spelling out the terms of the deal so everyone is covered. 

If a single deal works out at this scale, the family has problems like estate tax transfer limits ($13M per child) to think through.Further, as long as the funds/deals are separate from one another, the one that does go well instantly makes the syndicator an "expert" in that specific strategy or market, which then attracts the next 500K social media followers. 

It's great in terms of location, but the main issue that I have is that there is no public trashcan for the bus stop.This means that people are constantly littering around my property, and I am forced to pick up all of their trash.

Even with prices going up, I still think you can find some great BRRRR deals in Cleveland as long as you act quickly and put strong offers in on the properties as soon as it hits the market since there a lot of other investors looking to do the same thing. 

Before long JKV will be on the radar of all the major title underwriters and their title agents will need underwriter permission to close deals in which they are involved.

Research their performance over the years and check for any complaints or legal issues.Verify the success rate of the loans they have funded.

Hello so I am currently working on a deal for purchasing a commercial/residential property and the seller is willing to do a seller financing agreement with good terms.

But, simply because you buy a property in Logan, OH or Columbus, GA does not mean you will be successful.