These are for damages. 

My question is....Does the currents tenants deposit transfer over to me incase of damages or if the tenants leave the place in tiptop shape requesting their deposit upon leaving.

Obviously they could be sued for those damages too, but if they can't pay the rent chances are they can't pay for those repairs.  

@LukaMilicevec thank you the fires did a lot of damage as I was a volunteer firefighter for 8 years I got to see a lot of the devistation up front and it wasn't pretty.

Exterior has actually been cared for, however we probably need to give it a fresh coat of paint and repair minor damage to the chimney.Guesstimating close to 100k in work if we used contractors to do rehab.  

What kind of damage are you looking at?

Any investors deal with fire damaged homes in Charlotte, NC?

Start with property (a) with less damage and (b) in more investor-friendly area.

Something that will help you out a little more is to go and get a inspector to check out the house and tell you the worth now and the worth when it is restored, just make sure that you can repair and sell in under a year or you will be hit with a large intest rate. 

I want to acquire some land (with a damaged house) cheap and the owner wants to sell it cheap.