For us it was only a couple hundred bucks more and it protects against mechanics liens (plus many other title defects). 

I can't imagine doing all the book keeping an accounting for each individual one, not to mention the cost.. normally I spent almost $1K  to a CPA to file the taxes, so imagine that x2, or 3, or 4.. ...why do all that, when a BOP is a few hundred?   

The recent NFL Draft, hosted by Detroit, brought in over 300,000 visitors who's attitudes about Detroit did a 180.Detroit also beat out Miami last year for the city with the highest appreciation rate in the US.It's not all unicorns & rainbows though, as there are still many areas of the city investors should avoid, which scammers keep trying to sell to naive OOS investors.PM us if you'd like to know more about how we've assisted hundreds of investors make logical investment choices in Detroit and avoid portfolio crushing mistakes:)

If it breaks I certainly will, but it's still working just fine and I would rather put off what will be a couple hundred dollars repair until it's really necessary.  

@Dominic MendoliaThere are hundreds of companies that do this.

There are literally 1,000's of videos from hundreds of landlords going through it in these kinds of neighborhoods. 

This comes from someone who gets sent hundreds of opportunities each month with 99.9% of these deals a complete train wreck (and that's no exaggeration).  

Be sure to check out the Detroit market as there are LOTS of opportunities there.We've helped hundreds of investors!

We've sourced hundreds of deals from those 2 sources alone, in addition to approximately 9 other strategies we have honed over the years to fill our funnel with screaming good deals (where nobody else knows where to look....Happy Hunting!

As a person who has purchased hundreds of mortgage notes (non-performing and performing) and done many seller finance deals let me tell you if this was the case wouldn't all banks require the buyer (their borrower) to get such a deed so that if their borrowers do not pay then they don't have to go through foreclosure.