Seller shall furnish a copy of a prior owner's policy of title insurance or other evidence of title and pay fees for: (A) a continuation or update of such title evidence, which is acceptable to Buyer's title insurance underwriter for reissue of coverage; (B) tax search; and (C) municipal lien search.

If you choose to accept it, make them apply and pass your screening, add them to the lease, and charge extra rent to make it worth your trouble.

I had an offer written up but knew if I submitted it too soon it would look like a low-ball offer and probably not get accepted, last day I was in town the price dropped and I threw in a full offer and asked for full closing costs.

I sent a low-ball offer, and we went back forth but ended up getting 30K under asking accepted.  

If they choose to stay, make it clear they are accepting the property as is.

This is where the big money is I have heard if you're willing to fork out more money and accept a higher level of risk.

If the seller accepts your offer than you do the full due diligence investigation during the option period.  

Not sure if this is acceptable, or was in 1991. 

There are "hot" markets where PMCs can just put a rental on their website and get acceptable activity.

So, again, called in a favor from a friend to grab a couple cabinet doors from the store 2 hours away, while he was up on business trip anyways, so we could get them on site before installer was "done" and onto another job.Ultimately, as Alan notes, you just have to accept this, and figure it out on the fly.