There are a few other different ways to accomplish it too with just being listed as lien holder on the title and transferring title immediately.

I was thinking a sub2 would work and then transfering the sub2 to someone that has money or someone to partner.

So are you just transferring the deed? 

Easy to track what is owed and has been paid.Free although it takes several days for ACH to transfer to my bank.

As in any transfer of title that violates the due on sale clause of an existing mortgage, the mortgagee has the right to accelerate the note, and complying with state law can foreclose.

My question is for those who works at title compaties or have strong understanding of title transfer process.Here is the story:I have a property under contract.

Make sure you get their deposit transferred to you from the previous landlord or PM company. -  If you have any utilities that would place liens on your property if they aren't paid I'd make sure that's built into the rent price and make sure you pay for it.

Since he's going through a divorce, you'll have to check the title to see if his wife is on there and anyone else who may need to sign to transfer the title over to you if you decide to do a deal with him.

If the house is left in the estate after creditors are paid, title to the house is transferred to a new owner, like your cousins and you.   

I liked the benefits described here: Advantages of Land Trusts1) The transfer of property is much easier than a LLC2) Offers privacy in terms of transferring interests3) Offers privacy of ownership4) Avoids transfer taxes5) Simplifies property transfersHowever, I would add a couple of others:6) A land trust does not require a EIN or tax return.