Fungus is dry rot signifying siding wood replacement. 

Does the sheriff sale signify a red flag or something?

A notice was filed at the recorder's office by the lender's attorney signifying a public auction.

When going through an standard escrow the title company can't forget to record the deed as the way it is set up is the actual recording of the deed signifies the close of escrow where all parties are made aware that title has transferred to the buyer.

screen and check everyone that's over 21. period. he makes quite a bit of money. the large debt bill signifies poor spending habits. if all else fails and still concerned..why dont you do month to month or half a year lease?

The fact that it's an REO won't signify any particular change in repair costs, every property is unique.What will change the costs is flipping for rent vs resale (depending on the area). 

At the end the permit is "closed," signifying that the work is complete and meets code.This is important for a few reasons, the biggest is knowing that the work was done to code and properly executed.

I know that major chains invest in areas where they can make money, so a Costco, Whole Foods, or Trader Joes signifies a neighborhood getting better while a McDonalds, dollar store or oil change place does not. 

It's also a signifiant value property ($500K+) and the idea of having most of that paid off by other tenants is appealing.

The blue signifies the major portion of the house, the other parcel is listed as vacant but you see a bit of the house crossing over.