Great way to leverage cheap debt and utilize low down payment.

I would essentially rehab it for the owner and give them the money they are looking to get to selling.ARV: $375k - $145k (rehab costs) - $125k (cost to "buy" the house from seller) - $26k closing costs = $79k left over.Holding costs would be just utilities and taxes since there is currently no mortgage from the current seller and I am never officially buying it from them.

Utility Company might trim them but they will top it off and it will be ugly.

I would go for a house hack and utilize some programs that allow you to put little down.

In general, depending on the form, a title policy does not cover a loss resulting from an unpaid utility bill unless a notice of it is recorded in the public records. 

It then verifies this information before utilizing.

SFR: tenants are responsible for landscaping and utilities.  2-4 family you will be paying landscaping, and utilities are contingent on property, some are separately metered some may be house meter.  

No utility costs.My question is would it be better to sell the property As-Is with no investment into a rehab, Rehab then sell, OR keep as a rental and tap into potential equity? 

@Dax Squillante  Non-debt related is everything else, which would include to name a few, insurance, taxes, management, lawncare, shared utilities, repairs, maintenance, vacancy, etc. 

I then lived in the master bedroom which had its own bathroom and i rented each additional room for $650 plus utilities.