Also, our gas and electric bills did not acknowledge our address; rather, the bills both showed our address as two numbers off. 

When a tenant turns over you still have your normal expenses - mortgage, taxes, insurance, but you now take on the burden of water and electric.

Splitting utilities (getting new meters for gas, electric, and water) is pretty expensive and it's difficult to split the fees accurately between tenants. 

If that is the case, we ask the tenant to switch internet, electricity, and gas into their name.

Year built3. year of updates (roof, plumbing, heating, electric)4.

You start as an apprentice, you study while you work, for a few years.Then you become a master electrician and can earn some good Money.Contact some of the larger electrical contractors in your area and ask them if they're hiring if you are interested in this. 

Make sure you have a good home warranty insurance policy (for plumbing, electric, etc.). 

You can deduct a proportionate amount of your mortgage interest, property taxes, insurance, electricity, water, gas, etc. and you can deduct any expenses that are directly associated with the portion of the property that is being rented out.

Your right I will need a separate electrical system being that the current one is down there already (needs to be moved).

Depends on the scope of the project, but I'd guess yes if a more extensive project or your messing with plumbing, electrical, or HVAC.