Should I call an agent or professional in Dallas and have them check the title, liens, tax situation, etc before flying out?

The only thing he requires right now is that i pay a large down-payment towards house number 2. all 4 of them would go live in this new house and i would rent house 1 to some working professionals i know are going to be relocated later this year.Anyway it seems hard to conceptualize this logistically so if this is advisable please offer any guidance. the other option was just to continue to save like normal and he will rent this house to strangers so we all have to make moves this year regardless of the decision i just figured i keep the house and start building equity.Thanks in advance

@Jeff KleinTD Ameritrade is a popular brokerage firm for opening IRA LLC brokerage accounts with.

> You can find a much better ROI in the Midwest.You are a professional. 

All three work well together.As far as electrical work, HVAC work, major plumbing, specialized reno work (like windows) and roofing go we sub those out to licensed professionals.

(If not - then it's a major mess, best left for professionals to untangle.)Under this scenario, here is how you should have handled the sale:From the sale proceeds, reimburse each other for your respective contributions to the closing costs.Whatever is left - split 50/50.For taxes, each of you will report half of the sales proceeds, adjusted for the combined closing costs.If you can go back and do it this way - your economic parity will be intact, and so will be your tax reporting.

I totally agree, it is a better option to let the experienced professionals handle that.

Invest in having professional photos of your property taken.2.

if so the LLP might not be an option for you.LLP's are for the most part used by professional services entities.I would have to assume LLC might be a better fit but its hard to say without all the information about your company.

This article by BP's Brandon Turner is a great place to start to get some ground-level understanding of how to approach a Seller Financed deal.The Definitive Guide to Using Seller Financing to Buy Real EstateIt sounds like you have a really great opportunity with this seller, and you are smart to make sure you handle these first deals with them professionally and knowledgeably.Start with this article and let us know if you have additional questions that apply to your specific opportunities on these properties!