I would tend to go that way as I want to use a title company that won't screw it up. 

@Michael MarshallThe problem with this plan is that 2008 could occur again and you would be screwed. 

you are screwed. you will not get a loan unless they or you fix the house. the bank in most cased wont allow you to do any repairs.i lost 2 houses like that. i had even "illegally" fixed the roof leak and "peeling tiles" broke the camel's back.

It is screwing the owner out of equity in the market.

In hopes that they qualify for a mortgage in a year.Other than that the tenant under the circumstances has to take that chance that the seller who has had the house since 1990 with good payment history even with the Refi's won't screw them over and vice versa.

The taxes get paid to the city and the mortgage holder is screwed.

Green Steel Fence U Post (Home Depot) in the middle of the space & screw in a parking spot number so I can refer the tenant to a particular space in my management system and thus keep track of who's in what spot. 

This is a great deal for my neighborhood and I don't want to screw it up.  

When I told the borrower that he's being taken advantage of, he said the contractor, who is apparently something of a mentor to him, repeated the oft-used phrase when someone is about to screw you, "Something is better than nothing, isn't it?"

If the attorney does not concentrate on real estate they will slow down if not screw up your deal.