I would remodel this to a high standard with really nice finishes to attract better tenants.I am buying it sight unseen and I am a little hesitant about the area.It's on NW 45th St, Miami.The purchase price per square foot is a mere $65, which is well below the current market average, even for the area.Are there any Miami locals who could chirp in with their opinion on this one?

On the development side, the current price per square foot isn't worth it, those I know currently in development had contracts with their contractors before the rates began to climb higher and higher.

The title agent from Alabama said this is not needed, but the lender is saying it's needed to meet investor requirements, whatever that means.My wife fully supports my real estate endeavors, but does NOT want to be involved. 

You definitely want to get either a Title company or a lawyer involved who can run a title report to make sure what you are buying and from whom and how much is owed and to whom is as represented.

It is brand new and in a highly desirable area in my city.  3 Master Bedrooms/3.5 baths 1900 square feet.  

The plan is one formal meeting each month and other optional meetups like checking out a property, having a local event at someone’s house, and possibly two charity events (5k run/walk with funds raised going to HUD or other group who helps people with housing)You can be as involved as you like.

No financing involve?

PA is a bit difficult or has more "rules" on lease options which also might be why the agent/lender involved are not thrilled about it -  what about a contract for deed or wrap mortgage on their existing mortgage for 9 months ?  

.  :-)Thanks again and I look forwarding to more involvement in the forums as I progress.  

Real estate investing feels right to me and I want to get involved, so I've been reading a lot of books and internet forums trying to learn more.