The cold water pipe does go vertical, but then 90’s to the water heater. Regarding the meter, I searched for the meter and pressure reducing valve. Home is on a slab, I looked along the entire front wall for an access panel, nothing! 20" of snow prevented any exterior work, I would normally find the water vault if necessary. **The valve shown in the photo does control water flow within the home. **Yes, I operated the valve on this inspection. Have been thinking about the “missing” components since the inspection. Listing agent was of no help, sellers had moved out of state. I did call out the TPR discharge pipe and the wall is interior. There is a shut off at the water heater and other locations. Thanks for the input, always appreciated.