So many owners do their own work and then fail to account for the cost of their time.

If they fail to turn on power, you can file eviction.

Unfortunately only about 5 applications have been fully submitted and all of them have failed to show proof that they can afford to pay the rent and provide the proper references.

This is cause for concern as there is liability you as the landlord hold if you fail to disclose the meter is connected to the tenants unit.

If you have failed to include the domestic abuse protections language then your rental agreement will be void if the agreement also includes language allowing you to terminate a tenant's tenancy if the tenant or their guest have engaged in criminal activity.

Some of them are failing miserably and of course blaming everyone or everything else but themselves

They failed on a BUSINESS. 

I would be very careful if you move forward and do it because anything that goes wrong is going to fall back on you and if you do not have a management agreement in place you could be opening yourself up to lawsuit if you fail to deliver on the expected services.   

i've done several BRRRRs, including one that just 'failed,' so i sold it as an accidental flip, and here's the deal. 

Both have some major fails on the GUI front.