Unless the property has phenomenal positive cash flow I would pass on any property that does not already have total seperate tenant paid utilities.

We are a marketing company that has both pre-auction properties (and I can tell you the Indicative Bid) or REO's.

For any property on the MLS most agents are going to want to see one of two things from the buyer:  Proof of Funds (i.e. a printout of a bank statement with your name on it and a balance at or above the offer price) if it's going to be a cash offer; OR a pre-approval letter from a lender if it's going to be a financed offer. 

I also used them to perform a few maintenance issues, which was paid out of the security deposit and 1st months rent they collected at the lease signing.  

They do not need to be capitalized, depreciated through a cost segregation study, and then depreciation recapture taxes paid at sale of the property.

If you just buy a turn key building chances are it will appraise for around the same value you paid for it, unless you are in a fast appreciating area.

The deed was not transferred, until I paid the contract/house in full, on 9/26/2016.  

Utilities are separate and paid by the tenants less the yard maintenance and snow removal. 

Mostly this is due to the sell of a home in 2014 that was recorded as a paid foreclosure.

Remember, you'd still technically own it, UNTIL you're paid out in full.Example questions to ask yourself: do you reckon it's in an area that will show solid appreciation into the future?