This is all done prior to closing and on the first few deals that you perform with them.I had a deal go down hill because when I went to visit one of the sellers (I meet them through the wholesaler) he did not seem to be the right fit for who should be selling the properties to us, and that was discovered on the inspection report and relationship he had with the tenants that were in the homes at the time.

Do everything by the book, and in the case when you are faced with a lawsuit, use a good liability policy as a first line of defense, and your LLC that you have properly structured and documented  as the second.

is it worth getting title insurance policy?

Hi, I was supposed to close on a 20 unit building and 30 min prior to close, during walkthrough, we discovered a foot of sewage in the basement of the property.

But people who get one or two mortgages per year often have a very different take on it and will gladly pay for an insurance policy if it means they can keep tens of thousands of dollars in capital in their pockets for deployment elsewhere. 

There are some I've run across over the years who have a small surcharge to the policy, but if you have a mortgage, it has to be listed on the insurance policy.

---you might need a commercial insurance policy.

I wish I had more time to be involved with that type of work.I wish people in the city with power to make decisions, understood how much investment never comes to the city because of their short sighted policies.

Another resource that was helpful was a two day exam prep course that I took several days prior to the exam.

@Patrick Connell NC is a "race state" (nothing to do with your comment) and if a transaction is not recorded, a subsequent transaction takes priority over the prior.