You will also want to ensure that they are not leaving their current lease early without following the proper termination procedures.

The " buy and hold " model only works if you are actually in a " buy-massage while holding-mode with your purchase!

I am married to a wonderful man named Pete who is a journeyman Welder by trade while I am a certified Massage therapist.

There are some great opportunities in many markets right now for buy and hold investors, particularly for interim use as individual private offices for ancillary medical arts like counseling, therapy, and massage. 

Again, seek legal advice from your attorney or the legal aid office and follow all the rules to the "t" so that you don't have to pay unnecessary fees or start the process over because you missed something or didn't follow a procedure correctly.

What is the procedure to pay the taxes as a new loan to the borrower?

They are offering quit claim deeds and they can't produce any paperwork to back up the procedure.

The listing agent should be able to go to the servicers and explain why there is a delay and ask them to extend the date on the approval letter and then you and the seller signing a closing extension.There has to be some procedural hurdle that is holding this up.

Now you learn from the  experience and you improve the procedure.

I have found that appraisers kind of have no idea how to get good comps for 2-4 unit properties so they just use the 1% rule and massage their adjustments to make the numbers work.