In that time, I have worked on hundreds of deals in Houston and surrounding secondary/tertiary markets: valuations, proposals for listings, market research, offering memorandums, property tours, etc.

Suppose you want to buy a few hundred acres, and then split them up into individual parcels and build a house on each one.

I have seen people make a claim and then have to pay several hundred for this not covered in the fine print.

Thats .22ac of lawn, so no way am I going to spend $50k+ to remove the irrigation system, 3-4" of top soil and hauled away and then truck in and spread over 800 hundred yards of gravel. 

Buyer acknowledges that during the course of Buyer's negotiation with Seller, Seller selected its choice of (i) title insurance company licensed in the state where the Property is located to provide Buyer with its title insurance policy(ies) (the “Seller Title Provider”), and (ii) the closing agent, and Buyer was given the option of either: (a) Approving the Seller-selected closing agent and the Seller Title Provider, in which case Seller would pay for the cost of Buyer's title insurance policies and all related search fees in accordance with Section 8.2.2 hereof, AND one-half of all escrow and closing fees charged by Seller-selected closing agent, not to exceed Four Hundred Fifty Dollars and NO/100 ($450.00), unless otherwise required by law or agreed to in writing between the Parties; or (b) Rejecting the Seller-selected closing agent and the Seller Title Provider in favor of a different closing agent and title insurance company licensed in the state where the Property is located to provide Buyer with its title insurance policy(ies) (“Buyer Title Provider”), in which case Buyer would pay for the entire cost of Buyer's title insurance policies and all related search fees and all of the escrow and closing fees charged by the Buyer-selected closing agent, without any contribution from Seller, and the provisions of section 8.2.1 shall apply"With the Owner's policy I will still be responsible for Lis pendens for code violations or not ?

Would this purchase be a bad deal knowing that I would have to come out of pocket $500 hundred dollars a month— and then raise the rent on the other tenant as soon as her contract expires?

There are hundreds of strategies, but ultimately it is her problem; to remain ignorant of at least a basic understanding of investing and your dreams is a form of withdrawl/self protection. 

My neighbor is a property manager and she said if you plan on having hundreds of rentals appfolio is probably a good choice.

, writing hundreds of posts with feedback about if that property is really "a good deal", and "passionately" sharing my opinion at least once on some threads...

There is a little room to raise the rent, but we'd be talking just a few hundred dollars per year.