Taxes, HOA, insurance etc are bound to be different in different markets!

Asking price for a 2BR was a bit too high based on comp rents to get to our investment parameters but since the owner had no plans to use the property, I offered his purchase price in 2017 + 6% (commissions to agents) + $1,000 (assumed deductible on insurance for new roof), effectively getting a turnkey property without paying for the updates.

Then you pay balance on the sale amount usually within a week for free, within 30 days with 10% interest - and wait till the deed is ready You can during that time to ask your title company to do the search and extend the title insurance but it's not for mechanic liens or taxes - you'll pay all that.That's why it's important to research the property through before you say "bid".  

If not, it's a gov't insured mortgage for a reason.3.

My advice would be to speak with a good insurance agent and just make sure to purchase the right insurance and enough of it that you're comfortable. 

You can outsource marketing (any agent will list it), accounting (any CPA) but without relationship with Tenants you'll have constant problems.Such companies exist - they take phone calls 24/7 and then transfer them to PM to coordinate contractors.If you don't care about your bottom line, you can hire such a company: they will call to the most expensive plumber co, electric co, etc - you pay the money, they fix the problem.Fixing toilet would take you 10 min plus driving, they will call the plumbing company which takes $200 just to diagnose the issue (im not kidding - I've had such thing).

You may need  the following people on your team: mortgage broker, insurance agent, RE attorney, accountant, GC, handyman (down the road).

Generally, Realtors rely on title insurance companies to search title history.

To set the stage, here are a few key points:Property:2 story townhouse2 bed / 2.5 bathMostly carpet18 month old (yep, its brand new)Situation:Nobody was hurt to my understandingTenant did not have rental insurance even though it was required in the lease per my property managerTenant admitted, in writing, they caused the fire.Kitchen fire that burned the kitchen completely and I have smoke damage throughout. 

Just insure it is installed correctly