Since we are out of state, we need someone to observe the minor renovation progress.What would be the average daily rate for hiring a renovation project manager to check on the progress and ensure that contractors are doing their job properly?

But, personally I wouldn't start the renovation until I'd had done a background check on the person who lost the property, to see if they have other assets they could sell to redeem the property or relatives who might help them out. 

It could also be that your rehab/finishes/curb appeal are not up to local standards to attract the buyers but price overcomes all objections.What can you do now and next time?

I don't think it's necessarily true that TVs come with stands anymore - it seems like wall mounting is the standard for most people.

First, learn about ways to make money last, set your aims, grasp house hacking, check if you're ready money-wise, do deep market checks, make friends with local home investors, agents, lenders, and those who manage properties, go deep into property details, and get to know the local home laws well.

Without checking the title yet, My question is, should I still possibly pursue it under which circumstances?

You write a check at closing, out of "cash on hand".

If you are an agent, check with your broker to see if they want you working this kind of transaction. 

I will check my insurance policy and see what's covered. 

If you're seeking a reliable income stream, consider checking out Cleveland.