Tara, this is done by thousands of people (citizens) a year across the country.
Can you do it? If you are asking the question, it is very likely you can not. You simply lack the network, the expertise and legal asstiance that will be required.
The scenerio your suggest can be very complex and full of risk, to you and the investor. What you can be assured of is the one bringing the money (investor) will want to eliminate the sorce of greatest risk...YOU.
At this point you really need professional guidance. The most direct path to success for you is to contact a multi-dimensional real estate professional who has extensive experience in transaction architecture and has an active network of investors and private sources of funding.
Of paramount importantace is your ability to demonstrate you are serious and will not become a 'timehole' into with resources are poured and nothing comes out. The real estate professional I descibe is busy, and will work only with those who are qualifed, able, and SERIOUS.
If that descrives you, PICK UP THE PHONE AND CALL A PROFESSIONAL in your location.
Serious people CALL.
Timeholes will use email.
Best of success,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL