Then once you get the address then check the name of the new owner.

The original owner had it listed online (local legit wholesaler) so I replied all with a copy of the guys asking price and asked what value she added to earn 15k?

I am a condo-owner in Miami (2 blocks from Coral Gables).

But both owners are from California and I would feel bad leaving them stranded without a local property manager.

Since there are no realtors involved, how can I be secure that when I put money down that I am getting something, or that the properties don't have other liens or that this seller even really is the owner???

Some areas and price points are meant to be home owner only and not many rentals because of what you can get per month for it.It usually takes about at least 2% of the purchase price a year to properly maintain a property you live in.I wouldn't really think of the house as much of an investment as a place to live.

I checked the chain of title on the property looks like it was never actually purchased by the TK company, rather it was Quit claimed from the old owner to them.  

Only big commercial enterprises with lots of cash flow can get financing with out having the owner on the hook as well as the company.   

The owner is asking $72,000.

The owner also installed a Rinnai hot water heater that he supplies propane for each apartment.