How old is the roof and the water heaters ? 

Ashley, as a Realtor, I'm of course biased towards putting it on the MLS for speed of getting it rented and bringing in a bigger pool of qualified applicants.    

Its not our primary area, however I do have a house on the water down there so I am there frequently and if I find the right deals I wouldn't be apposed to picking up something there as well.

IMO, If a realtor suggested a buyer not get an inspection in order to get a offer accepted and something came up, that realtor could be in hot water and for good reason. 

predominately owner occupied neighborhoods6. residential areas, no commercial or industrial7. public water and sewer, though wells and septics don't scare me8. 

When evaluating properties be sure to make sure they include the basics like: Real Estate Taxes Insurance Gas & Electric Water & Sewage Repairs & Maintenance Unit Turnover Contract Services General & Administrative Payroll & Benefits Marketing & Promotion Legal & Accounting Landscape & Snow Removal Trash Removal Management Fee Reserves for ReplacementsThese items at the very least should be included in any competent underwriting of a property, be it by a broker or the owner directly.  

Water saving ideas was a awesome return on my 24 unit building!

Taxes, insurance sewer and water. 

Be suspicious of replaced plastic  plumbing at the hot water heater and under sinks.

The single property building is most likely one water/sewer/gas/electric service.