He wants me to sign a grant deed and a preliminary change of ownership report, but I am hesitant because I'm afraid of all the headaches it can cause down the road.

Also, we only hold a unit for 48 hours after final approval (preliminary approval, final approval after credit/criminal/eviction checks).

I'm also pretty new to investing, but I've used the 50% rule as a guideline to see whether a property seems worth further investigation.

Gnats in the kitchen and bathroom she says the gnats came right after I fixed the leak under the kitchen sink but there in the bathroom also ( what I have investigated being dirty will attract gnats and roaches in a heart beat). 

The 2-3% floored me a bit that's all.I am asking a big bank for a preliminary estimate as well.

I found a property that has a lien on it and upon further investigating I found that he has passed and his information is incorrect on the county appraisal.

I would contact the company you ran the report through and have them investigate to confirm if it was an issue with the name she entered or some other factor.  

In summary, a closer investigation into the land costs, soft costs and hard costs need to be uncovered to give a better idea what the capital requirements will be.

THat family member has not opened probate, upon further investigation.

However, many inspectors are over worked and not doing a Sherlock Holmes type investigation prior to walking the job.