I had gone through the whole list and came up with my estimated value of each property I was interested in, but I assume there is a more formalized calculation of Lien Amount to Property Value to Max Bid?   

Is there particular/formal documentation we need to provide regarding the transfer of security deposits, rents, agreements, etc?

Also, you are banking on being able to raise the rent.I would say that this is absolute best case scenario, bordering on unrealistic.

Then I would request to be placed on the agenda and I would attend the next board meeting (hopefully with other landlord / owners) and formally request that they waive the record keeping fee or publicly offer to volunteer as a "landlord" committee to keep track of the info for them for free.

Unfortunately I didn't get to the formal disclosures because when they called to get my SSN to run my credit before disclosing it, I accidentally picked up the phone and said "Bay Equity Home Loans, this is Chris," was asked to repeat what I said... then the processor cursed and hung up on me.

Being your first assignment, I don't think you get house-hunting leave because it's a formal training course, I assume on-base lodging is available, etc. 

I should also note that I gave the tenant a formal move-out checklist prior to her move-out date explaining that if the rental unit and outside area is not appropriately cleaned, that a cleaning fee may be charged to the security deposit. 

I do not waste my time even bother with the formalities. 

@Jarred Ross no formal lender will lend 100% of the value on commercial deals. 

Any of those areas that are right over the border of DC are considered less desirable than others.