The contract reads: "Buyer acknowledges and agrees that no title insurance of any kind is being provided to buyer by seller , that title insurance is not a condition to closing and the property is being transferred to buyer by quitclaim deed or other form of deed acceptable to seller is seller's sole and absolute discretion, without any warranty or representation regarding title"I'd like to get some advice whether it makes sense to shell out the money for a title abstract to check the title on this while the bank is making it's decision.

Make decisions more based on school systems (if your investing in family homes,) crime, home ownership vs investment properties, rental pricing, etc.Also... start putting together a team.

This will influence your business decisions.  

I think they are used to renting and assume owning a home is a poor decision.I think that MF rentals will become tiresome at least for those millennials who end up having kids. 

Have made the decision to partner up and already have 3-4 potential candidates I communicate with on a regular basis. 

We will likely make a decision early next week. 

How did you come to make those decisions?

I just want to ensure that we request enough data from the seller that we are able to make an informed decision based on historical property data and not completely on assumption.

Renters have decided to move on and now I am faced with a decision.  

In this deal, it sounds like the other party found the deal, is bring the rehab skills and will be making the decisions on what value to add to make the most profit (the experience).