You can open your SD IRA at any point, just as long as it is funded prior to investment date.  

Prior to this I make 2 appointments with them discussing the sale of the property.

Prior to purchasing property I was not aware of the additional expenses that should be considered based on various investment rules / gut checks and having completed the purchase I am looking for feedback on the deal and am looking for opinions in regards to if this was a "good" deal or not. 

House is 1489 SF 3/2 home built in 2003 shows to be worth 145,572 but might be a window to acquire for $100k prior to repossession.Thinking of trying to work this deal and keep the wife in the master at 650 with another known renter at 500 and a third at 450 with me paying the utilities and no lease agreement.

Point is, you never know just how long they have been dealing with issues prior to the NOD.  

However, we have yet to tour the units because we have to make the offer prior to any of that.

But it comes down to whether we should install the owner's meter (and we would STILL have not a single circuit on it, since I am sure that these tenants would try to rig it so that they can steal electricity from any circuits running from it), and risk pissing off the building department, or just not appeal it and install the meter.And yes, they both posed as leaving a terrible prior LL who refused to repair anything.  

@James Wise Thanks but I was looking for an explanation to assigning a fee on my deals prior to obtaining my RE license.

For now, I have been trying to absorb as much information as I can (the podcasts, articles, beginner's book, etc.) as I have absolutely no prior experience in REI. 

While FHA does have some safety and condition requirements, if they can be repaired prior to closing, that is acceptable.