It sounded simple, but I just finished a real estate class and it's a lot more complicated than I thought and that's just the realtor side of things. 

It's pretty cheap and you get literally dozens of different designs created just for you. 

Here is a simple read article online, I hope it helps.http://homeguides.sfgate.com/purpose-title-insurance-2571.html 

sorry if this is so simple for you guys but this is confusing, and I already read as much as possible about how to negotiate pre-foreclosures, or how to negotiate a purchase agreement and as you can see I am still confused, so i decide to create an account to see if you guys can share your knowledge with me. thank you very much in advance I really want to learn this.  

Underwriting or diligence on a condo loan tends to be a bit more than a simple Q&A as you are limited to the knowledge and understandings of the questions posed and the person who answers them.  

You've enjoyed the depreciation tax benefits for 10 years, but now you're ready to sell it.You sell the property for 150K and the loan payoff is 50K, leaving a simple 100K difference.What is the total taxable amount from the sale, assuming standard depreciation was used?

I would stick with the simple renovation.  

I have a property that I could only get a 15 year loan on because the dwelling was literally a shack.  

Here is my simple really quick rehab interior estimate method.  

Literally: Calculate the cost of building a garage and tell the seller that you need to offer at least that amount less based on this deficiency in the property's value.