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.

Frank's number are based a certain set of standard to do a back of the napkin type calcualtion to see if your pruchase price is around the same as what the owners is stating how the property runs.

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.  

The property is 100% occupied, but I still factor 15% vacancy rate as the Texas standard. 

I understand market concerns as well as standard marketing methods, but I am really wondering if anyone has done any effective, outside-the-box marketing that has helped them sell their flip property.