Now after the title check is this gentleman free and clear if someone later on down the line claims a stake in the title (i.e. mechanic lien of sorts)..is this were title insurance comes in? 

Some properties are turnkey where factors can determine whether your knowledge base will suffice or you need a more in-depth view others are heavy deep renovations where it would be a best investment protection to know what you don’t know; possible septic issues, roof, mechanical electric... then it’s best to get a pro if your a pro or have one. 

This, officials have said, should include a local workforce with experience in biomedicine, chemistry, computer hardware and software, electronics, materials and mechanical systems."

@Maria VillamarJust so you know, Pennsylvania doesn't have a mechanism for non-judicial foreclosures.

Among other things, the problem was that the building had no mechanicals.

The Qualified Exchange account set up - between you and the bank and QI.When the mechanism is applied this way you neither sell or buy property officially - you "exchange" with your QI. 

If the mechanicals and plumbing are handy I bet you could finish the basement for $30 per s.f. 

I also don't want all of the mechanicals to be old because on single family homes capex can destroy years of cash flow since the margins are tighter.

In fact, I am too afraid to start, but I would like to get going and jump on the train of real estate.A Little about me, I have a BS degree in Mechanical Engineering and a masters in Engineering Management.

I get things that break, dishwashers, disposals, clogged drains, toilets, showers.I'm looking for a mechanism that would decrease the "This house is 30 years old" work orders.