Anybody have advice that can help me with my Market Knowledge, what should I look for as a beginner or things to consider 

@Namit Raisurana, on the surface of it, are you sure you need to concern yourself over $3,500 (0.7%), when it'll get you double the amount you'd get otherwise?

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Attorney says - the title will have both the names.. though we have not seen the title..But my partner is very concerned.

This property should be of very little risk/concern.

People interested in renting their homes would have to pay a $175 one time registration fee and have their homes inspected by the fire department.Mayor Dave Campana told TV6 the commission would revisit the ordinance in a year and make adjustments if necessary.Campana said the main concerns are fire safety and preserving the integrity of neighborhoods.Click on the link in the related links section of this page to read the ordinance.

Your concern is who is on the deed and who is on the note/mortgage. 

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However if you are determined to go out of state the main thing you (or anyone) considering investing out of state (especially as a novice or beginner) is that it's not really that complicated to buy out of state.

A website and stuff should not be a primary concern, getting your information to motivated sellers should be.