Utility companies can shut off for non-payment. 

On a non-turnover year it will take you about 20 hours per unit and that is with minimal maintenance issues arising. 

No, only verbal.

Virtually all non-local SDSU students have roommates. 

You'll also learn some things on how to deal with tenants. 2nd- If you decide to move out but hold on to the property, you'll have a cash producing asset. 3rd- If you decide to sell the property and it's the type of property that cash flows when fully occupied then you'll attract both owner  & non owner occupants to make offers. 

I feel these are insanely good numbers for non Bank loans.Fin of Am, allows lower FICO, lower reserves,  just slightly higher interest rates, but a 5 yr pre-pay penalty.   

I consider the type of care that needs to be taken to avoid fraudulent investments in a self-directed retirement account to be on par with the level of care needed to avoid fraudulent investments with non-retirement money.As for self-dealing, you are correct that these accounts are for your benefit later on (presumably in retirement).

The seller has verbally told me that both tenants are current on rent.

Would that fall under fraud/ concealment / non disclosure. 

At that time it was a buyer's market and it was impossible to sell the place FSBO at a non-short-sale price and realtors were actually turning me away because my place didn't have the curb appeal that they thought they would need to attract the few buyers there were in the market (opposite conditions to today where every realtor is thirsty after a seller lead!)