My credit is 750+Loan Amortization: 30 yearsGross Rent: $2,190 ($1095 *2)PMI: $65 estimatedMonthly Insurance: $65/mo estimatedProperty Tax: $229/moNo other fixed landlord-paid expenses (e.g., elec, water/sewer).

You did not include insurance.  5% is too low for Vacancy, Repairs, and CapEx.  

They offered up all the local (I am out of state) legal, accounting and insurance contacts.What questions should I be asking?

The servicing company will also collect for taxes and insurance and make the payments for you. 

You can get inexpensive insurance or you can get insurance for a vacant property.

I have sent over the contract and EMD and was told the bank would get back to me within 15 days as to whether they approve the sale.I have a question about title insurance.

Banks will mandate flood insurance which is very costly and will have a huge impact on your ROI.

Title insurance  about 1/2% of sales price.

It is insured, paid off, and his is the only name on the deed.I am looking to move back to that area in 2019 when I am out of the military and sell my current home.

That means you or your company is responsible for payment of taxes and insurance.