If you do put it under contract get an estoppel letter signed by all tenants telling what the rents are and what the security deposits and any verbal permissions that the landlord has approved.

I won't post the lender information as I don't have permission, I have sent them 10 or 15 other investor's information and I'm waiting to see the first ones refinancing soon.

Reprinted with permission of John Michael 1.

I would get a cost of the sprinkler system install and figure out from there but apply for temporary permission to get power back on to the property or find some other means on how to get hot water for building or your going to have a host of other problems. 

I didn't ask the bank for permission to transfer from my name to the LLC name, but I haven't had any issues. 

Do I call his bank and ask for permission to assume his mortgage of 100k?

You would have to get the borrower's permission to talk the all lenders and lienholders and get the info from them.Loan balances are indeed private info that is not publicly available.

If you are doing it with a license and without your managing (supervising) broker's permission.

In Illinois we need our clients to give us permission to list their home in the MLS 

Are you asking permission to refer to a Realtor or do you just take their info, say you can't pay their price, and passing along to a Realtor anyway?