Rick H.Got back the O & E Report and I hadn't encountered such a situation.

The problem I've encountered is that my very first tenant has decided to take care of her 5 grand children Monday thru Friday from 5 am to whatever time the mother can pick them up.

Along the way you will encounter naysayers, some who think of REI as degrading to their culture and of course those that are grudgeful of your accomplishments.Oddly enough some of these negative vibes will emanate from your family, friends and haters.You have pointed your REI compass in the true north direction and frankly should ignore those that are negative about your goals and accomplishments. 

It is easier in occupied MU properties but how about vacant or an under rented unit or units (the more likely kind most smaller scale investors would encounter)?

Odds are several have encountered this scenario before.

Just make sure your marketing is on point and people have an awareness of what you do, make every effort to let anyone you encounter know what you're involved with. 

If so call utility and see if you can get info.Any property preservation stickers on the windows or doors??

I just encountered a new record (for me)...submitted a highest and best over the weekend, and the REO agent (who my wife is friends with) called us today and told my wife that she had over 50 offers on the property over the weekend.Property was listed at $35K, needed less than $5K as a rental ($950+ market rent) and needed about $15-20K to make it a nice rehab with an ARV at around $100-110K.

I think you should consider his offer, perhaps come back with a little more aggressive ramp down to 50/50 as a negotiating position, but he is in the catbird seat on this.Now, I won't even bring up the challenges you might encounter when doing business with family members... =)

On a couple of occasions we have encountered concrete block/brick firewalls between units.Dividing/Common walls are required to be fire rated - typically to 90 minutes.