And the power of leverage will bring me generational wealth in about 10 years.

Possible.It's not only about paying your bills.

Water bill triples so they want to check for leaks, too many cars parked in the street. 

Meaning, automatically turn on power when a tenant leaves...Or, is this to difficult with multiple power options.

What are some pros that I can highlight from the seller’s perspective.Here are a few that I’ve come up with:1) monthly income at a higher interest rate;2) avoiding a larger tax bill by reducing the purchase price (on paper);3) a promissory note that they could potentially sell down the road.Any other major ones I am missing?

This house had 12” of water/ice in the basement... there’s a nice sump pump set up just sitting there with no power...

This will give you a clear picture of your buying power and help you set realistic expectations.Your $50K is a great starting point, but you'll want to budget beyond just the purchase price.

You might luck out and find a guy that on the DL hates gov and loves to comply just to take back the "power." 

The electric bill is also high, it is a little higher allocation than the propane.  

What I do for my units with shared meters is I charge 50% flat to each tenant which prevents waste I get no issues with any waste due to this but the ones that share electric bills do get many complaints due to the size of the bill.