I just thought to tell you that we have closed at a title company, or the seller’s lawyer.  

Shortly after I was advised by the utility company that there was an issue with my water that is indicating there is a massive leak.

There are several companies out there that have catered specifically to FSBO's, like Help-U-Sell.  

Quote from @Yates Harris: Yes, you are overthinking it.Insurance companies are in the business of making money.

Investing out of state can be done easily as long as you align yourself with the right company.

I know not all title companies are created equal and that few will close on a deal at a certain price point or do what's necessary to clear title on messy title deals.

My thinking was that it could possibly be more attractive for a tenant looking to go week to week, or month to month, without needing to put as much down for 1st, last, and security, and at the same time I wouldn't hold the risk of a bad tenant being stuck living there with a 1 year lease.

Also allows me to have a placement company to deal with tenant headaches. 

@Lucas Vreeken, You want to think of a REIT as a "security" or stock like you would buy in a brokerage account. 

Some credit providers charge $50, some charge $200 and you don't have control over this unfortunately.Title fees: since you are purchasing, you probably didn't choose the title company, however this can be negotiated when you submit your offer.