I have already completed one out of state BRRRR, have my 2nd (wholesale deal) under contract and searching for a third with private money. 

A lender would require you to have this done, but if you are paying cash, nobody will force you to protect yourself.Third Party Reports: $17KSurvey $2KTitle Recording and Search $5KAttorney Fees ? 

Closing costs on seller carried transaction are marginal, payments are collected and preferably administered by a third party and qualifying or documentation required is discretionary to the seller.

To put it in context, if we combined the populations of our third and fourth largest cities, 220K is more than double that.

They dont really tell you the third thing. 

Hey @Leeling Chew,Thanks for sharing all of this and I'm sorry this has all transpired for all parties involved.

You should start at municipality,with title insurance claim, then try working with seller directly.After exhausting these I would be sitting down with an attorney and sharing the fully paper trail for closing and the follow up with each of the three parties above to file a suit to let the courts figure out exactly where liability rests.

When a party to a contract passes, their estate is still obligated to perform. 

So, to be sure, the other party would find it very expensive to defend the lawsuit.

In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.