The intent behind the question is either a bank refinance or a re-sale to a buyer using conventional financing (i.e. both of which require insurable title). 

If you're going to use a bank, yes.

If it is currently conventional that got from a Bank, do not believe anything they say that sounds positive. 

It usually shows if the property is a REO and which bank is the owner.

We have to physically go into a bank for the deposit since it's easy to blow past the number of check limits and/or the dollar amount limits.In our case, we're doing commercial real estate so the check values are high per month.I would love to ask our customers to do ACH / direct deposit, but they're not always amenable to that. 

In that situation you may have to be a little creative and possibly consider a short sale or maybe subject to and negotiating with the bank as well as the seller.

I am a recent graduate from college and am getting involved in banking.

We are under contract for a third property at 110k which will require 3k in repairs for it to be rent ready and it will rent for $1100 a month.The idea that we are throwing around to not come out of pocket for the third property is to take a commercial loan from a local bank with 80% financing at a rate of 4.9% 5 year term/25 year am. 

@Eric Adobo I’m entirely sure but one reason could be the that a poor person will have the ability to take out a loan with a bank assuming the rich person has already used up all their loan amounts

Then on top of that you have cash reserves required by the bank (typically few months of mortgage payments cash).1k isn't a lot to someone making 200k for example, it's probably worth their time to pay that and do what they're already doing.