From the Fannie Mae guidelines:provide the following statement: We [I] agree to indemnify you and your successors in interest in the [mortgage] [deed of trust] opined hereto, to the full extent of all losses attributable to a breach of our [my] duty to exercise reasonable care and skill in the examination of the title and giving of this opinion.I think the threshold for proving a breach is pretty high. 

Did your realtor not physically go to the house and send you any videos or pictures of the place?

You can control the investor's ability to exercise the option... placing "not exercisable before" type language in the document.Options are advantageous over JV to avoid partner disagreements. 

Pay Near MeI dissuade in person payments by adding a fee to my leases if I need to physically collect rent and if they give me a check or money order I use mobile deposits to avoid a trip to the bank.

I physically tossed a colleague out of my office and I wound up in court over it. 

Some allow you to upload a picture of the progress without having an inspector step into your project, some require physical inspections. 

They have an extensive YouTube channel so you can check that out as well if you're interested....Anderson Business Advisors and Clint Coons channels.thats not what my tax and lawyer people say. you have to have a physical address in the state you are forming your LLC in, but it doesnt have to be in the state your property is in. 

Go through that exercise.  

I concur with @Kyle Spearin suggestion to have the contractor physically walk the property, ensuring a more accurate evaluation.

You make rates lower or physically build more.