I would have said "no chance it would happen here" either until I witnessed it today.

I was a trustee sale buyer so I got to witness it with my own eyes.

I can get handwritten statement from several people who have witnessed the effect it has had on my mental stability.

I have witnessed many projects where there are "too many cooks in the kitchen" and the timeline gets extended.

I have witnessed firms where the client doesn't know their bill until they are signing the completed return.

We moved in and thought we were getting bit by spiders...then about 5 weeks in we witness a bed bug.

I'm inclined to agree with @Ron S.There's no guarantee the bank will succeed with its claim... after all, the title commitment and policy are usually generated from the same legal description attached to the mortgage, plus the bank's best witness is dead.So if you close now you'd be buying a property that has an attached garage and part of the basement encroaching on the neighbor's lot. 

Not the guy for wholesale advice but am interested to learn a little more about that also.The trick wit live-in flips is to know your market, buy a property that needs much repair that you can fix up and sell at an after repair value that is very profitable.

What are some tips you could give that you have used or witnessed that made the process feel seamless?

Building, developing, entitling, rezoning, subdividing, brokering, syndicating, property management, asset management, running an investment fund, loan origination, sale leaseback, build to suit, tenant mix restructuring, land conglomeration, property tax appraisal protesting, land use studies, real estate marketing studies, expert witness testimony, writing syndication, radio show, property appraisal, property inspection, etc.