You should first contact the title insurance company to file a claim, as they should address any issues missed during the closing process.

However, we do plan to look at a few properties before diving in. 

Managing a same-day transaction required meticulous planning and coordination.

It was admittedly somewhat of a frustrating process and I got the impression that lenders purposefully make it challenging to remove and do the bare minimum to meet the federal guidelines for removal (very slow responses to PMI removal inquiries requiring multiple follow ups, incomplete or missing information on the process of removal or borrower rights, calculating LTV incorrectly, etc, etc).

Every following generation will be leaps better.You are taking the thought process all the way to it's ultimate end, where robots provide all labor.

@Julien Lorincz you may want to also check out Detroit, per below data:What other Midwest city has as much investment planned as Detroit, yet offers such affordable real estate investments?

Liens stay with the property, so if you are the (new) owner, you will have to deal with them if you plan to refinance or sell.

I plan to eventually transfer it into an llc I created once it is rented, and refinanced.

What is  it that they are offering you to help in the process. 

Brechman, the foreclosure process can be a bit confusing.