So, if I am reading this correctly, this is what is called a "Latent defect".

Have important defects been hidden (rather than repaired) by the rehab work?

The disclosure is usually not a big deal for an investor, but it could be a very big deal if there is a hidden defect, like lead, or sewer system failure, etc. 

Mainly because the house is over priced, has some huge defect that wouldn't go well via a listed sale.There's other more viable creative financing means to control property than to comb for the needle in the haystack looking for sellers willing to finance.But here's a good tip.  

. :) I did a quick Google on special warranty deed vs warranty deed and got this info:A general warranty deed protects the grantee against any title defects or claims arising at any point in time.

Because the lender doesnt care if you are covered in the event of a title defect.

(or the title insurance policy will have an exception for the specific defect)A quiet title action can clear up a title.

Repair the most obvious defects or get quotes.

After the auction is over the actual approval takes any where between a day to 4 weeks (yes it does take for some banks).Sometimes they intentionally list empty homes as "Occupied" to prevent potential bidders from looking at potential "Defects".

I use the Smartcore flooring, but not the one made for Lowe's - the thicker plank with the better wear layer and underlayment attached.If your seams separate, there's only 3 reasons: defective product, improper installation, or too much floor deflection. #1 should be obvious to the installer, as the edges should lock securely and without major persuasion. #2 means the installer probably didn't lock the edges properly or left too much gap on the sides where the planks can slide (should be 1/4" each side). #3 is most likely, from a floor that is too uneven or doesn't have enough subfloor support.