I can understand conservative; maybe they want to be perceived as the guy/gal who want to under promise and over deliver. 

I got a reply from her saying there is nothing wrong with the title and she doesn't understand why the lender was saying like that.

I understand that when you have a mortgage it’s wise to put a little money aside every month for when your property is not rented.

I understand that there's a bid process with the general contracter for a 203K and I wonder if that would cause issues with the wholesaler's timing with the current homeowner in terms of how quickly they are commited to close by? 

I meant to say he will be 59 1/2, which as I understand is the age he can start withdrawing without penalty. 

I too am an investor and understand the market.

If you bought the property from the trustee you'd likely get a bargain and sale deed, get your title coverage and then no, I don't see how old unrecorded qcds would have any effect on you at all.Figuring out the other liens and who's foreclosing would help you understand a bit more what's going on.Not an attorney.

Just have a Texas agent set you up a very broad MLS search or several of them.

Vinay,My family's first rental is in Cambridge.Although it is a different play for us (duplex that's been in the family for 50+ years, you can look at other post of mine), my understanding is the market hasn't pulled backed.

These companies do have deals, but I think its important to research, understand and know their motivations and roles in these transactions.