I just know that from experience it gets messy really quick if things aren't clearly defined on paper. 

Worcester, MA City shut off gas without any paper work and wants to condemn it.

Initially I only paid 10%.. but next day I paid full amount, got receipt from sheriff and some paper with stamp on it that says record of sale/interest....To me it seems like this is all clear even at this point deed has not been recorded, I told bank that I paid all the money to sheriff and they'll send the money to bank shortly...Is this all clear now for me to take possession ?

One of my mentors told me your job Jay is to make those under you millionaires and that is what I try to do.and I can point to well over a half a dozen folks around the country that I took a liking too they performed and that has come to pass.. 

Just got to sign some papers stating it's okay for them to prosecute whoever stole the meter if found.

Show them on paper how much more they could make and how they can spread out any tax liability over the life of the loan balance.The next item will say that you need to contact Real Estate Agent(s) that is experienced in that area and has worked with people that did what you wanna do. 

I have had a tenant in place for almost a year who looked like a bad renter on paper (low credit score, fluctuating income, criminal history, etc) but she turned out to be the dream tenant.

Do they also refill/replenish things (TP, paper towels, etc.)

Signed all the papers, etc... they ask, "who's on the Title?"

Even after asking the rent rolls, financials, T12, etc the most info we could get, could fit in single square of toilet paper.