They approve loans and make money available for sale transactions within 1-2 weeks especially if the buyer is pre-approved.

If you're unfamiliar with the reasoning behind non-recourse loans in this case, it's because of the prohibited transaction rules.

If you are doing much of anything else you are effectively brokering the sale of real property which is regulated in the US, i.e. you need a real estate license.As far as a real estate transaction goes, in brief:  get an offer accepted, enter and finish attorney review, now the property is "under contract" to sell, complete any due diligenence (e.g. inspections), get to closing...Since you are selling the Right to Purchase, you need to have a contract first. 

@Ron Lamb being a former employee of Wells Fargo I would not recommend them for any type of investment property transaction. 

You will need to start with the attorney to make sure you have all the initial paperwork necessary for the transaction.

You would mark the transaction as such in your ledger.You really shouldn't just transfer funds between two LLC's unless one owns the other. 

I have been informed of the numerous benefits an investor receives when getting their license, such as:- Access to the MLS- Networking- Self-Representation when making real estate purchases Also, I understand that I will have to be under a broker when making transactions (even if they are personal). 

Anything I can share tax-wise or assisting with your transactions so that we both get something out of our connection, I'm all for it.

A title company/real estate lawyer should be able to draw up the papers for the transaction. 

(Might need to pay your broker) Joe is right, you need a big tool box, then you can fix anything, if you only carry a screw driver you are limited to the transactions you can fix.