Buying a Quit Claim Title property

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Hi everyone I recently found someone who wants to sell a house but they won't offer a warranty deed. They only offer a quit claim deed. What would be the risk of me buying a property like that? From what info I found, it appears that the property went trough foreclosure in March this year. The company that is selling the house bought it as a package deal and they want to make a small profit and sell it as it is. (That's what they say) Let me know your advice: should I buy it or not? If i would buy it, it would be a rental place. So I'm not planning on selling it after I fix it up. Thank you