I considered doing a simple rate/term refi after the rehab was done, but with the ability to actually pull cash out of the deal on a cash out refi, making my cash-on-cash ROI an infinite amount, I decided to go this route.

Based on your assessment I'm not sure how to value the coverage needed because your idea leads to the thought that a person needs an infinite policy to be fully protected.

As K Marie said, you can buy subject to an infinite number of liens, but the question is do you want to.

And if I do, can I use an off the shelf "Offer to Purchase Real Estate" form?

(There are lots of assumptions but I think the likelihood of being in this range is >95%)I know this is not a "home run" investment but my cash on cash return is essentially infinite with a $0 down mortgage.

. :-)Build the plan and execute (It's an infinite OODA Loop)

Again, I know this sounds antagonistic but it's really not, it's just wanting to see what's exactly on the shelf and be able to read the package before I take it to the check out stand.

I would suggest an attorney in Franchise Law-- not a general or real estate attorney as Franchise Law is very specific.Yes food has the lowest markup and short shelf life, however, drinks and some yogurt/ice cream can make the numbers work. 

Purchase price $45KRehab 47KARV 135KRents for $785-8004/3 single family c+ to BI can refinance it at 3.6% and take out 100K and have an infinite ROI, but it will only cash flow at $42.79 after property manager, vacancy & repair.

It wasn't until I cleaned out a shelf that I found boxes and boxes of overdue bills and notices from collection agencies (unopened) that went back months before.