Off-Market Duplex Opportunity With a Warranty Deed - Concerns?

[Tim Braun]

Hi everyone, I posted this in starting out since I don't think I'm really up to that "next level" yet, but this isn't my first deal. It might be good for those doing their first deals to see this as well.

I've got an off-market duplex that I found when making an offer on a SFH - both deals are being wrapped up into this one purchase but I'll focus on the duplex for the sake of this conversation. The seller has "owned" the property for a few years but never went through probate. We are at almost a 2 month delay now, originally they offered a quit claim deed which I turned down, and now they are offering a warranty deed.

What kind of risks are there to close with a warranty deed? I would be looking to refinance this property within the next 12 months and hold it in my LLC. The numbers look good so I'm willing to spend a little time on seeing how I could make this work, but I don't want to accept a ton of risk either. Any thoughts?