It runs around $80.

Should I run the deal by a title company? 

If i wouldn't live there myself, I wont even consider it.  2. run then number with a "worst case" rental amount, and if you still make 150-200 or more per unit, then it is a pretty good deal.Good luck making your first purchase.  

I should have run away screaming when I saw this house!  

I have the dream truck I want and don't have the desire to spend on a vehicle.  

However if you charge an owner occupant 6% and 4 points your total finance charge (less than 10% total) would stay under the (today's limit) close to 11.5%If you are going to sell with owner financing to owner occupants, then you just need to use an MLO/RMLO to run the numbers and that is just an extra closing cost that you can pass onto the buyer or just pay the cost yourself since the real reason to comply is to protect yourself.But none of that applies when we are buying with owner financing as investors, except for any state laws, and there are only a handful of states with strict investor limits.

Most people run their numbers to determine what their profit should be.

If it isn't doable with an individual, could you bundle properties together somehow, like in a trust or some other vehicle, to reach the minimum required numbers?

But before they get it rented again, the copper thieves get there and rip and strip all plumbing, all wiring, destroy the AC condenser unit and all in all cause $10,000 in damage, which the owner needs to pay to get the house re rented and they often pay someone to put the house back together again to go into a quick placement of a new tenant and get back into scenario #1 or #2 again.Along about the time the other $15,000 in reserves run out, they decide they have to sell, but the house that they paid $15,000 for has all the damage to if from the first or second break in and is no only worth about $6,000 . . . so as one of the first reply's said . . .as a new investor going into an out of state market with $15,000 to buy a house  . . . at least in Kansas City . . . save yourself the heartache and head ache and set your money on fire.Or save it and do something else . . . . 

Taking the time to expand your knowledge and get involved with different aspects of the real estate industry will pay off in the long run, just don't go into it with a short term mentality and you should be fine.