A Commercial DSCR is always a good option as well.

I still believe RE can be a good investment option but it is not as trivial as purchasing residential RE off the MLS in virtually every market.  

Most local banks have an online banking option.

In this case since your family is the seller and knows there are no title issues, it's a pretty safe bet you wouldn't need that policy.In regards to lein position, you should have a promissory note secured by a deed of trust that gets recorded ahead of any other encumbrances and that's what keeps you in 1st position. 

Well, I’ve done a lot of Lease Options and this is my favored package:
I have had lineups each time I put a Lease Option to the public.
There needs to be two agreements, an Option Agreement and a Lease Agreement. Fo...

You should look at both options personal & commercial.  

What would be a good option for financing it? 

I’ve talked to a few mentors about my career path, and an option they thought would be good for me is becoming a certified general appraiser.

I've sold a bunch to hedge funds recently, and your two options are:1.

I commented on another post recently where the website says "secured mortgages" which is what the sponsor invests in, but when you read the fine print your investment is unsecured.