This means that your major components have been repaired, the structure is in good shape, and the property is habitable.

This is a clear violation of the landlord's responsibility to provide you a habitable place to live.  

The current asking price is $160k which is what habitable homes with serious need of rehab are going for in this area.  

I think it's vital to let everyone and anyone you come across know exactly what you do and what you're looking for in this business, and I do that.

Yes, looking else where is vital right now.

Knowing vital information (owner, debt balance, note status (performing or non-performing), legal status (lis pendens filed?)

Long term tenant/cost managementThere are multiple aspects to this issue including whether the tenant's living habits are damaging the property.

I am pretty excited about it and think that it will be a vital addition to my real estate toolbox.

I understand that Wholesalers don't like to waste their time on tire kickers, but if you are going to take the time to put a couple of Word documents together then it only makes sense to include some of the vital information. 

This is presented as some kind of punchline to a bad joke instead of evidence that human beings have this funny habit of changing their minds and adapting to circumstances instead of plotting rigid irreversible courses with their lives.