Conforming loans (30 yr fixed rate, fannie or freddie) are going to be very cheap right now, and assuming you qualify to borrow (good credit score and verifiable income) that could be a great route if you goal is to fix them up and get them rented. 

You can verify that with any inflation calculator.

For example, if the lien in second position foreclosed you are buying subject to the first lien...you have to know how to verify all this information.I would find something in your area that needs maybe a minor rehab that you can BRRRR or house hack to start with to minimize your risk. 

I have no way of verifying that they were indeed presented other than taking the listing agents word for it. 

Now I have a call into the city inspectors office to verify the permit was pulled and it passed inspection.Thank you everyone who has replied. 

I would suggest you to consult with an mortgage lender who has verified experience with renovation loans.

If this property was in the mls, the fees are listed in the listing (but you still have to verify).

If it was advertised having central AC,why didn't anyone verify that like @Russell Brazil said?

I'm asking others to take a look at this and add to, verify, or contradict what I'm saying here about it, as I am not a professional plumber and I've been wrong plenty of times.First of all, Account Closed, sorry to contradict you by 34%, but I think that's actually a brass drain/overflow assembly (brass is 66% copper).

So, it could be quite difficult to find contractors in your area with verified 203k experience or ones that have been properly educated on the 203k AND have the financials necessary to start the project with no upfront money and be able to sustain the cost of the project throughout the draw/inspection process.