The tenants have 3 kids as well as a dog and cat.

Hello BP Family,I've targeted a property to move forward on bidding.  The comfort level is all there with moving forward and I'm simply looking for confirmation from a more experienced advisor.  The numbers are based ...

As Anthony pointed out most of these "I bought for cash deals" were either bought after the recessions, are complete dogs and/or both. 

If it's baseboard electric heat and hot water, it's especially urgent to get this taken care of.Either way, I'd find a way to get a second meter installed pronto.

Maybe they can pay you to bird dog, and then you can go through the whole process with them.If you find a good deal, someone will want to buy it.

Luckily,  my friend wasn't in it but 4 dogs were killed.

Background Story; My fiance's best friend, recently going through a bad break up, has always rented (lives with her sister, her cats, and her sister's dog), but she thinks now it may be a good idea to finally buy as rents are high and even more difficult for ones allowing pets. 

It's awful easy to slip in a few dogs into a portfolio that kill your overall return. 

There are a number of ways to find homes: Wholesalers, MLS, driving for dollars, mailing campaigns, Auctions, Bird Dogs,  etc.  

They are on a month to month lease which we have informed them we will not be renewing for a couple reasons, the first being that they are a complete slob and are trashing the place / from the looks of it are the reason the place had bedbugs with the previous owner , the second being that they have dogs that are not covered under my insurance.