You need a Texas lawyer or maybe the opinion of a title insurance company as to whether they would insure title.In one state I got into a similar type of deal.

Very few people even know enough about real estate to attempt to pull something and that includes realtors, bankers and lawyers.

Have you considered reaching out to anyone you know (doctor, lawyer, dentist) that may have a retirement nest egg that may be willing to invest in you as a private lender?  

Do I need a lawyer?  

Contracts: I've heard some well respected investors say that they and their lawyer write up the contract with all the clauses and exacting specifications, modify it as needed for different properties/jobs, and have all the contractors bid on the same exact contract and ultimately have the winner sign the contract they write.

I have dealt with many tenant lawyer situations and in the vast majority of cases the lawyer is simply attempting to intimidate you into capitulating.

so, let's say that I came into some money due to a lawsuit, and my lawyer spoke to me about investing some of it into a structured settlement for example.1,000,000 initial investment for 20yrs at 2.79% IRR At the end I would get back my initial investment of one million plus a profit of $552,847 tax free, for a total of $1, 552,847.

I'd advise asking a lawyer for some oversight as you cannot evict the person or raise the rent after they claim this work performed.

As an example, a good lawyer would have to be good at persuasion, research, finding clients, networking, and great vocabulary amongst the other things.There are obvious skills that are valuable in real estate like being “driven” or “resourceful” but I’m thinking in terms of something a bit more tangible.

Jones was later sentenced to 50 years in prison for manslaughter and eluding a police officer.After the incident, Guindon filed a liability claim against the city of Sioux Falls and the Sioux Falls Police Department.More: Disputes over damage can rage for yearsNo formal complaint was written, but “it arose out of a high-speed chase, and there were issues about whether it should have been called off,” said Mike Schaffer, the lawyer who represented him.The city reached a settlement more than two years later that saw a $125,000 payment but saw no acceptance of responsibility for Guindon’s injuries.Mayor Mike Huether’s signature appears on the previously sealed document, but the city didn’t handle the case directly.