Be prepared to get D and F Tenants if you are looking at D and F properties.Hope for long term Tenants because you will need to rehab the property after many of these kinds of  turnovers. 

What kind of terms we're associated with that?

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.

There is no means to make an in-kind contribution to an IRA.

I have a good credit score but have never taken out a loan of any kind, and I also have little to no reported income for the last 8 months.

Or asking for advice which I think is kind of ironic since I’ve been on this site basically 18 months.

I have to hire labor, so in your experience, what might be the most direct/best way to handle this kind of renovation??

Hello Alissa,I am starting out on the multi Family journey as well.To start any kind of evaluation you need at least two documents.

Also, for this kind of rental, condos or SFH?

On that note, what site and or public records entity should I be looking at and how much and what kind information is available there?