@mau pan not sure how the laws work in pa but in Georgia you legally own the property the day of the foreclosure auction even though it can take several weeks or even months for the attorney to prepare and record the deed.So I always immediately get insurance, put utilities in my name and if it's vacant, get physical control and change the locks.Regarding the possibility of leaks, I always ask the water company to put service in my name, unlock the meter but leave it turned off at the meter.You can the turn it on yourself with a curb-key or a decent pair of pliers.

In addition, after meeting up with a prospective tenant walk them to their car.

In addition it's a good idea to have a stronghold in an area with local builders, handymen and contractors to get quality work done and on budget.

Just an update with some additional info.

Again, depending on the age and condition of the property, and the quality of tenants.Add an additional 10% for PM.  

They might require additional premium in order to insure over these issues (which the seller should pay, imo) or they may say "No" and either you would need to agree to accept the risk or the seller would need to fix the problems... because they essentially built over someone else's property -- 3 times!

Link removed; Self promotional in addition to McAffee warning to avoid. 

Depending on the performance of the property with rent, tenants, vacancy and additional rehab costs I will determine if I will keep the property long term or turn to sell. 1031 exchanges really intrigue me so my plan is to utilize them when it makes sense. 

Additionally, they paid me the old rent amount... $200 short of the new amount. 

Additionally, they sell some great luxury laminate countertops.