Ask the title company to do their standard title insurance work for both buyer and seller.4) Do the due diligence on the property and allow the bank to do their underwriting process.5) Schedule the closing, wire the money, and sign all of the documents to transfer ownership.Is there anything that I'm missing or have left out?

They are just a pain because they aren't on a nice easy to look at list like MLS. 

Yes, they are trying to prevent a claim on their end, but a saved claim is a financial loss you don't have to have the pain of experiencing too. 

Although it was painful and expensive, knowing we got rid of the old wiring helps me sleep at night.- You may want to think about raising the rents anyway, before doing kitchens and bathrooms.

Find a pain point and offer them a solution - you win. - You must have a good clean web site, a lead magnet (a form to get info from people in exchange for something cool), Facebook pixel and Google analytics at minimum. 

But I haven't met many successful 'self-made' CRE investors who haven't lowered their pain factor, crunched their timeline or increased their learning curve without seeking out a mentor or two on the way.

Getting rid of PMI is certainly good as it's expensive, however, a re-finance just to get rid of PMI is a big pain.

I suggest you call the CCB  and tell them what you want to do .. pretty sure they will say you need a developers license like I have .. or actually I have 3 of them for 3 different LLCs its a pain but after being fined twice you learn.then I would call the department of real estate and ask to speak to an enforcement or investigator and run your model by them..

@Leslie Schwab this is a tough issue, and I feel your pain.

Had this happen to me personally and it is a royal pain.