Depending on how you came across the 'deal' you have to understand that the seller won't want to waste his time, effort, and energy disclosing information on the property, providing you a tour, and also giving you his financials to someone who doesn't have the ability to purchase it.

I went to Texas A&M and currently have my RE license back in Texas.After years of anticipation, I am FINALLY financially close to making the dive into investment properties back in Texas. :) With that being said, I would like to reach out to local investors as well to learn the dos and donts and how to be successful both with rentals and flips.

I cant count how many things I have to do, nor problems arising daily at the moment, and I over extended myself financially.

if you fail, and a lot of people do because they underestimate it, it will be quick and financially painful.It all depends on your business plan, and how bad the area is.  

Plus you keep the low prop 13 protected tax base, and you'll be dealing with the best professional tenant base all along. 

If so, you can get title insurance for less than $200 that would find any issues and protect you moving forward. 

To answer your question, if you don't have insurance, the bank will buy insurance to protect their interest and then charge you for it.

I'm also learning to do bookkeeping for a friend's company.My broad goal for real estate investing is to earn enough money to be financially independent.

I have had a great time working with Alex Stenback at Alerus Financial.

I'd like to grow my portfolio and expand my cash flow ability while achieving financial freedom in 60 months or less.