Buyer is to pay escrow fee, owners title insurance, 50% of city transfer tax and home warranty and also requesting to keep all appliances with the purchase of the house.

@Jay HinrichsYou bring some valid points, my argument is directed at how government makes legislation to benefit big banks.

Any residents with valid green cards and work visas can qualify for a U.S mortgage.

These deals are attractive to investors for the following reasons :Contracts to build 3-4 bedrooms are available under $300kRental Comps from $1600-$2200 / monthWarranties:10 Year structural 2 years electrical, plumbing and HVAC5 year warranty on the hot water heaterTight market with low inventory.

I think that your concerns about not having equity in the property after a year are valid.

I kept my home warranty active and did not add that cost into the rent.

But yes, there would still be a higher promote to the sponsor so your point is still a valid one. 

How tough will it be to turn a Quit Claim into a General Warranty Deed?

Three things that would concern me if I were in your shoes.1-$30,000  would almost re hab another property in bad condition.2- Make sure the inspector does a really good job.3-Have owner or seller give you a one year warranty on property.

I searched the tax rolls today and see that, in fact, my wife is now listed as the “Special Warranty Gift Deed” holder.I don’t understand how this can happen without my wife having signed or even really agreed to accept it.Thoughts?