You can do all the paperwork necessary through a local Title Company or an attorney. 

Expenses include maintenance at $200/unit or $800 total (Courtesy Patrol, Exterior Building, Grounds, Insurance, Water and Sewer) and water averages around $125/month total.  

The house is vacant and I am wondering if there might be a deal there since the two properties both would have title issues.Any ideas?

Just think about your insurance deductibles for those bigger claims like hail storm. 

another related question - is home insurance cost different between condos and single family?

I'm just curious why title company still asking for my marital status

@Scarola Markson When you say a closer, do you mean a title company/lawyer?

Here is what the numbers came out to:$50k unsecured loan at 8% interest from Huntington BankPurchased property for $40k- used the remaining $10k for repairs (repairs should take max of 2 months)Rent house out after repairs are done for $900-$1,000 per month  ARV of property is $60k53rd Bank offers 90% LTV refi after 6 months seasoning and $195 processing fee at closing- Refi property for $54k on a 30yr mortgage at 5%Mortgage payment including taxes & insurance= $436/monthCashflow= $900 - $436 = $464 gross cash flowRemove 20% for cap ex/vacancy/other expenses (round up)= $100Net Cash flow= $364 monthWith the 90%LTV refi I am able to get my initial $50k back from the unsecured loan plus $4k.

Signature or title loan. 

Your mortgage insurance is low also.