Its all a misunderstanding, then. 

If it's a tough area or I'm misunderstanding, though, then I always encourage a 30 year mortgage with a personal goal of repayment within 15 years.

Chris;A mentor is a great opportunity Man O man I would love to have an opportunity like that, its a "OPPORTUNITY" Jump on it, as long as your not losing money whats the worst case scenario If It was me this is how I would approach it.1st We need to have an up front understanding, so later there is no misunderstanding.

You're misunderstanding something, towns don't make determinations if title to a particular property is clear.  

Am I misunderstanding something?

It sounds like Steve misunderstands what gets record and what does not.Mortgages and Deeds of Trust (Security Instruments) are what is recorded.  

At minimum, you should have leases that detail security deposits and rents so that there are no misunderstands. 

@John S Lewis maybe I'm misreading or misunderstanding your post, but it sounds like to me the posting is saying "don't worry about obtaining a CO the seller will take care of it and don't bother the tenant in your due diligence".

No doubt that education is needed, but I think there was some misunderstanding after some of you read my very first post.

You really misunderstand the debt side.