There will be closing costs, third-party inspections, loan assumption costs that'll be between $100K and $200K.  

@Jenna Gainey the disingenuous part is not being transparent with the seller about your motives in the transaction.  

Is anyone in WV familiar with the laws of paying a third party a finders fee for finding me a property?

In my experience, litigation is rarely worth pursuing and generally the attorneys make more money than the prevailing party.

I was not paying them for full third party management, just a fee to share their leasing person. 

Keep in mind this 8% PM part is best case scenario. 14% is likely more realistic long run with lease up fees and service calls.

We do want, however, to be efficient and show the house to all interested parties at the same time.  

Other questions we have concern things such as finding a good group of contractors to work with, and how to best protect all parties in our transactions, most certainly protecting our family as the top concern.

The attorney's office will then order a title search from a third party title company that offers title insurance.

A lot of lenders may tell you the appraisal is free however its not free if you dont close you will still pay for the appraisal typically (its only free and credited back at the end or at the closing table).The other part is to make sure rates are where you want them to be (low enough).