I've read that in order to properly estimate utility costs for an area, one just has to call up the local departments.

Then reinvest the cash in a few smaller houses outside the city proper, buy a multifamily, or invest in a syndication. 

Looking for a little help with proper business formation, LLC structure, and liability coverage etc.Thank you for the help!

It's actually better to invest out of state in my opinion so you're forced to outsource and delegate your real estate functions to others which will allow you to scale quicker.  

Flow rate is a function of pressure drop.

Make a proper offer AND make sure you can perform (by having a buyer ready) and you won't have a problem.

Investment Info:

Single-family residence note investment investment in Redmond.

Purchase price: $350,000

Cash invested: $87,500

Purchased the house from neighbor to use as short-term rental. We also ...

During inspection, we found foundation issue on concrete slab house, water turned off so can’t check for any leak, can’t find sewer clean out, can’t check if toilets are draining properly.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

A proper listing, even if the house is trashed, will find you a list of professional rehabbers (who will sometimes, but not always lowball), but also a list of buyers looking for a "fixer-upper".