It looks like water is not being paid and I can only see a small fee every month (that is over due) meaning the meter is likely disconnected.

Do that for six months before you think about buying so you meet other people who are doing what you want to do.

Ignore the $1,250 per month because that's your cost of housing, if you didn't pay that on the home you'd have paid that in rent so that's a non factor. 

A recent example, “How much is the monthly association fee?”

And because there are so many, demand is ultra low, except in the busiest of months.  

So, I would expect to lose 3 months rent maybe more.

I have Regrid ( I use it mainly for land), its 10 bucks a month and they have vacant property information they pull from the USPA.

It happened to coincide with Hurrican Harvey and we flooded during the rehab. 212 extended the HM loan without any extra fees for 4 months until December 31 2017.

But this was an awesome opportunity for me because this is my first living situation where I will be on my own (and getting used to paying a rent/mortgage) but this will put my overall mortgage on a 400k house at roughly $2000 a month for the first year!

Yea, the area is not the best and the passed 2-3 months is always pretty tough to rent.