If you didn't get any lender credit because you paid cash or for some other reason, you could be seeing sticker price of the closing costs. 

It has encountered stiff pushback from tenant advocates, for example, who argue it is exacerbating the housing shortage and driving up rents.So far most of the scrutiny has focused on rental apartments and homes that are converted to full-time vacation rentals, with regulators generally tolerating homeowners renting out a primary residence.There is a risk that could change.

Many thanks to all respondents.However, in view of the difficulties encountered to date, the above comments noted, and the potential issues (and minimal profit); I have now decided to give up on this idea.If anyone is interested, the land is still available here:-https://www.trulia.com/property/5035468147-0-Forest-View-Cir-Hot-Springs-AR-71913State: ArkansasZIP: 71913GPS: 34.466055,-93.0477607Recording County: GarlandLegal Parcel ID: 400-19080-034-000Legal Description: 16-03S-19W / 001 / 033Property owner: Allied Ventures LLC

Ask them what kinds of problems they encounter.

But for many REOs, as @Jon Holdman states, the seller may want you to use the title company they are already working with since they have already paid for the title work that has been done.One issue you may encounter is that the title company the REO asset manager has chosen most likely will not allow same day back to back closings using transactional funding.

This is what I am encountering, in the current Mortgage Industry.

The only expenses that the owner said he had was insurance $800/yr, taxes $550/year, registration stickers $300/year.  

Unfortunately, I am encountering the same problem, down payment obligations.

The alternative is that you take the expense when encountered.  

I'm going to ask @William 'W.J' Mencarow to put a special sticker on BP attendee's badges so we can find each other!