"A minimum 12-month chain of title will be required on the prelim to determine no pattern of previous flipping activity exists for the subject."
As long as these transactions have not been occurring within the last 12 months you should be fine; if they have been within 12 months then you have other considerations and should find a good loan officer in Ohio to assist you with this.
You are probably over thinking it. I would however strongly encourage you to have a professional home inspection done by a reputable inspector. The home inspection should turn up any issues that should be of concern. One thing that I check is an prior property disclosure statements that may be on the prior sales history of the property.
There are several preliminary steps that you have to take before you get to that point. The first thing you have to do is get a letter of pre-approval or proof of funds from a lender. The asset manager for the home you want to buy will not consider your offer if you don't have this documentation. The next step is making the offer and getting it accepted. If the house is a HUD home you need to make your offer through an approved HUD broker (most agents are, but not all are experienced in filling out all of the required HUD paperwork.)
If you dot all of your i's and cross all of your t's your transaction should go smoothly and you will have a rewarding experience with your purchase.
Give me a call or email me if I can answer any other questions for you. I have sold several of these properties and I am familiar with the paperwork.
Janet Unkefer, Agent
Cutler Real Estate