It is imperative to know that your property is healthy.Trevor Conklin, you will need to factor in other costs such as insurance, water and management fees. 

This would allow you to jump a lot of the hurdles that stop folks without the SSN... 30k is enough to do some damage, especially if you find a partner to pool money with. 

Now, I need to know the exact usable space, wetland delineation, water & sewer hookup cost, mitigation banking, cleaning up the trees, construction cost as exact as possible.

When do you typically go in to inspect the property to be sure there’s no damage (legally)?

From pre-foreclosure to an actual foreclosure that can be purchased, it can easily be days, months, years, and that's assuming the borrower doesn't try to get in good standing.Also, to make the waters more murky, I know situations where people have switched over the property from their name to an estate or LLC or such and it marks the property as pre-foreclosure.

(All have recently updated - 2 years - major appliances, AC units, Heaters, etc) Only Tax, Insurance, HOA fees, water are included below. 

Somebody wanting to sue for you backing out of a bad deal or accusing you of selling them a property with defects like unknown termite damage).

$550 down the drain, results = 1 jumper to hold ground if the water meter is removed.

I couldn't quite figure out whether or not utilities like electricity and water/sewage should be paid by Landlord or tenant, so I assumed the tenant would pay and moved on.I look forward to everyone's feedback!

Maybe the BP knows the investors though and knows one can fix it and the other will not ever pull it together.The house has rotten wood, old termite damage, floor falling through, foundation issues, large hole in the roof, but the major issue is it was used to manufacture / cook meth.