Y'all are forgetting Bill Gully or Gulley cant remember which.. on technical aspects he is very sharp..

I have the start up funds necessary and have been doing my due diligence in the research aspect.

Also, what if this is not the only aspect of your business (also own rentals)?

I see certain aspects of each that I like.

I was surprised to that you need a RE license to do property management but I guess the leasing aspect of it is the reason. 

As @Wayne Brooks said.Title companies insure what you give them to work with.Settlement agents, such as escrow, hold money and docujents and settle-up at closing pursuant to instructions from counterparties.Auctions are often all-cash, no contingency sales; what you see us what you get.Every auction has a terms of sale policy which defines and discloses what the buyer may receive. 

It is a good community to network and learn about all aspects of real-estate investing.

. -( and I wont say I told you so)Your lease with the tenant will define who is responsible for DTE.

Unless you are very risk aversive, this is the smarter play.I did pay off my own personal property....... from a financial aspect, not necessarily the smartest choice, but the satisfaction and stability of not having that debt appealed to us...... no matter what happens in my life, I don't have a mortgage on my own house to pay each month.

My concern was more with the loan and didn't consider the tax aspect.