The numbers of a average deal they got is:Rent: 925Annual taxes: 847Anual Insurance:  455Property management (via the TK company): 10%The property will be fully rehabbed, however, with the financing provided I am just not able to make any numbers work.

I would have a title company do a title search at his cost to assure me that there are not any other liens on the building.

The insurance policy must also list the seller as a payee, just like a bank loan.

They will make you take title under a personal name once you finance.

It helps to have access to many people with resources of information and my time spent as a finance and insurance broker around the country has done just that so I enjoy a good peppering of questions.

 No - Unless the house needs to be painted and they are painting contractors with insurance. 

They will hold title until you sell your original property through the intermediary, thus completing an exchange. 

My personal insurer (USAA) won't insure it because it's not a "family" LLC.  

.-  Monthly Expenses:  taxes: $125, water/sewer: $150, garbage $50, insurance: $125, repairs 5% (newer finishes, metal roof), vacancy 5-10% conservatively.-  I'd be looking at a conventional loan (possibly owner contract) with 25% down.  

If you're credit is good it's likely a better option because there is no upfront mortgage insurance premium like there is for an FHA loan.