An executor or administrator deed would be used in lieu  of a grant or warranty deed if sold to a 3rd party.Other documents will be used to effect other types of distribution, for example "affidavit of death of joint tenant", etc.

I guess you could insure that stuff starting out with home warranty, but there are some big checks you have to write in the rental biz, it is pretty far from rent - mortgage = profit.Anyway, I got my start in sub2's, its a viable strategy for some situations, but I got some hard lessons on some things when the market turned. 

And here are the lists you can target when you mail...again PM with email address if you need something formatted better:LISTS Primary Lists Equity owner i.30-100% equityii.owned 4 years or longeriii.SFR1.no apts, condos, land, MH, MF, etciv.1-3 bedrooms1.this is where they buyers buysv.Home values that are less than the median sales price in areavi.Exclude corps and trusts1.harder to deal with2.more sophisticated3.won’t get as good as deal typicallyvii.Absentee owner1.out of state – 1st best2.in state, but out of city – 2nd best3.in city – 4th4.everybody markets to them5.1st call pretty fastviii.Owner occupied1.65 years or older – 3rda.owned for 15 years or longeri.most likely deferred maintenanceb.do not use home as a retirement vehiclei.will want to be movingii.kids have moved outiii.neighborhoods have changediv.need a care facility2.everybody else – 5th3.not getting bombarded4.1st call a little slower because they don’t’ get touched as much Market for 90 days, every 3 weeks if you can i.Shorter than 3 weeks is too fastii.More than 6 weeks is too long You absolutely must have bought a house after getting 90 calls i.If not, your list must be faulty Sub-lists Obituary notice i.Not a probateii.Not inheritediii.Might be a trust Probates i.Has to have real estate attached Inherited i.Didn’t go through probateii.More than likely a quick claim deed, special warranty deed Unlawful detainers(evictions) i.Court action by landlord against tenant Divorcees i.Has to have property involved Pre-foreclosures i.Period of time that lender has lender has to change ownership of propertyii.Lis pendensiii.notice of default1.judicial or non-judicialiv.most don’t market to trustees because it happens so fast Mortgage lates i.30, 60, 90, 120ii.behind but not in foreclosureiii.30 days is too short to market too…could get caught up on paymentiv.60, 90 days is better to market to Expired listings i.Setup as a hot list FSBO/FRBO i.Put in yard or websitesii.Call the phone number on signiii.Send mail if you are getting a subscribed listiv.This is a hot callv.Set appointments to buy, not sell1.it is important that all the decision makers are there when I come to buy your house.

The phrase caveat emptor and its use as a disclaimer of warranties arise from the fact that buyers typically have less information about the good or service they are purchasing, while the seller has more information.

Thankfully, it was just barely within the boundaries of the house so our home warranty covered the costs.

Also, when you transfer, you can quit claim deed it over to the LLC which means it's not a warranty deed.

Prior to the contract being signed, everything is marketing but after it is signed, there is an implied / explicit warranty that the information is correct at that point in time (i.e. they can't just make stuff up) and you can rely on it.Oren

Maintenance issues are dealt with via home warranties as a first line of defense.  

Go to your favorite store and ask what the commercial warranty is?

Quote from @Jerel Ehlert: You should do all the due diligence you would as if you were going to be buying, fixing, flipping the property yourself with your own money - because if the borrower fails and you have to foreclose, this is what you will be doing.Borrower should be paying the fees for appraisal, inspection, title policy for lender, and attorney's fees for drafting.As an attorney, I drafted hundreds of doc sets for closings in Texas and the rest is specifically limited to practices in Texas.In TX, my doc sets include a Warranty Deed with Vendor's Lien, promissory note, deed of trust (the lien instrument), lender's instructions to the title company, attorney letter of non-representation, and either 1) a personal guaranty (if an entity borrower) or 2) a business purpose affidavit (if borrower is/are individual(s)).