"I have the title search and  its Deed of Trust reveals that the property  has a note around 360K as of Mar 2012,  and then the owner declared  BK  around Sept 2013, so  my guess the balance must be somewhere 350K

So hang in there, and be patient - the results will reveal themselves to you organically when you are ready for them - whether you expect them or not. 

I totally agree with what your study revealed.  

@Wayne Brooks Great, what about if the title abstract revealed there was a lien on it from the state?

Talk with people long enough and ask the right questions and the truth will be revealed.

My concerns are what do I do if an inspection uncovers structural issues that can make the investment unprofitable or what if title search reveals liens against the property or if other such issues come up.

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Can I be “guaranteed” that a title search will reveal all potential liens on a given property?

@Bobby WallaceDid Ron or Marco reveal their preferred lending partners?

The day before closing you’re told that some detail of the property previously undisclosed was revealed in the appraisal, and although the lender rather not make the loan, they feel bad for you, so they’re willing to make the loan at 14% interest and 6 points, at 60% LTV.Most times these unethical characters try to cover themselves legally by having ‘subject to’ language in their loan approval letter, as in subject to a satisfactory appraisal, subject to no change in market rate of interest, etc.