UpdatesI have two BIG updates, I actually just closed on a home not for airbnb but for myself in an area I have been trying to buy for a year but investors have been bidding on houses like crazy in the area.

Unless you have cash backing of your own to buy and a solid commercial buyer's list, these deals are unlikely to close.

My biggest question now is: What do I do once (if) I settle/close on this house?

Quote from @Feroz Penangwala: Hi everyone, I’m curious—how many of you are actively closing real estate deals right now?

I'm trying to track down the title company from 2004 (which looks like it may have since closed).

Well, closing your account so quickly certainly doesnt help the attemp to network. 

For instance, if I buy a house 20% down, 5% closing prep costs where the rent matches the mortgage, interest and tax and assume a 5% rent growth and appreciation, I'm expecting an 11% total return which is just not good enough for the hassle involved. 

Is your previous lender a family member or a close friend? 

I helped the owner structure the seller finance and off-market offer to be closed more easily (more accessible to the buyer) through mixed financing and a lower price.

You would also want to ask what is your current rate, what rate can you get, what are the closing costs that are involved including points, ect.