You can do it yourself, but any errors will create a cloud on the title, potentially creating problems or even lawsuits in the future.This clause probably refers to any loans or other encumbrances taken subject to.  

A standard purchase contract with an extended closing date will protect your interest fine...but I prefer the option route especially if you file a notice of option on the property...this will also cloud title.Also, if you purchase an option...you can market the property as the seller and enter into a contract with an end buyer or contract buyer.

I bet quite a bit.If your computer crashes or your hard drive fails, would both equally be backed up in the cloud?

When the broker is sending the deal to 50 groups of investors and there are multiple rounds of bidding, or short lists of who gets it, then it wasn't really off market in my eyes.Just part of the cloud you have to sort through when evaluating LP offerings.

Quote from @Jeff Tumbarello: The guy who is pushing this narrative  ambulance chaser

Salesforce.com created a cloud-based alternative to excel/homegrown CRM solutions.

A silver lining in the clouds...So there are two sides of the coin in recessions, one side is perhaps less demand the other is potential bargains. 

What if title comes back clouded, or as you mentioned there is a large undisclosed repair required?

I think I may have been letting the idea of just doing something and getting started cloud my judgment regarding this deal.

Challenges can stem from (1) the implementation process [this entails customizing your settings, migrating data, setting up your accounting / banking structure, etc - be weary of software companies that don't have a process for this] (2) learning a new system (3) inexpensive cloud based software often does not have the security infrastructure in place to adequately store your financials, owner information, tenant information, etc.In my experience, the answer to your question is dependent on what your short and longterm goals are.