The title costs will be minimal compared to the headache you will go through if you missed a lien or some other encumbrance, missed the required margin requirement on the deed, etc.  

A good rule of thumb would be to stop wasting money going to that guru's seminars. $5,000 per major repair is nuts.

The info on it was far from updated and verified, I had a commercial listing of my own that went under contract on mls two weeks after listing, three months later it was still active on costarDon't waste your time or money.

The mortgage is in my name also, so prefer to minimize risk of due on sale clause being triggered, too.  

NOt work on it for 10 days waste your time and especially contractors looking at deals that can't close.I know its frustrating. and out on the east coast were title I susually done at the end of the transactions I make them run it day one.. you should see the stares I get back.. ( hey why are you doing that ) for the exact same reason you just stated.I had my first resi deal in Calistoga cira 1975 and worked on that got ready to close 45 days into only to find out same circumstance you did.. now talk about a  bumbed out rookie 18 YO agent ..

Lots of inheritance landlords here who never raise their rent and don't want to manage their properties, but will never sell because the homes are paid off, in a family trust, and they're paying minimal property taxes (CA prop 31 cap).The plan: - I offer to sign a 2-year lease, pre-paying one year of rent up front, the rest divvied out monthly over two years.  

I used hard money with a 9 month period to pay of the note I had it under contract twice in which  I wasted a lot of time and money just sitting on the market it ARV came in at $68000, the balance on the note is 40k interest only I have this property cash flowing 925/month. the bank has given me time to figure this out as well ofered me more money for new purchases .Credit not quite where it needs to be to refi but close if there is any one in the BP community that has advice or willing to partner with me on this deal to share the income I welcome you.

This will put an inquiry on your credit, but that has minimal effect, drops off relatively quickly, and the increased limit will improve your utilization rate.As far as condos go, I know a lot of people on BP don't like them because they don't afford you the amount of control that an SFR would, and I somewhat agree.

I agree that real estate is a great investment vehicle, it allows you to minimize your taxes and defer them in some cases but not 100% eliminate them as in the case of Roth IRA.

By leveraging the expertise of a professional, you can minimize your investment of time and energy in putting your IRA capital to work.