Do I understand correctly that we cannot turn the electricity and water off, despite that it is under the owner name, not under tenant?

It's worth around $450k & I'm not sure how long it'll take to sell in the current market.Our immediate family (my wife, her dad, out daughter & I) are very handy and have experience in construction, HVAC, electrical, plumbing, etc, so we are anticipating being the general contractor and subbing out only those things we cannot do ourselves.We have several STRs, but no motels. 

Hi Bigger Pockets community,First a little bit about myself, my name is Jubal Noel, I’ve recently graduated college with an electrical engineering degree.

@Bryson WilliamsTypically you would have your tenants pay their own utilities since you wouldn't want to cover someone's high water or electricity/gas bills but some cities will put a lien on your property if certain utilities aren't paid.

Roofs, Plumbing, Electrical,  HVAC/Furnace. 

Replace the roof and get decent coverage assuming other area have been updated (electric, plumbing etc.)

I can't speak for contractors, but as a DIYer, I know even the most basic kitchen renovation may end up costing me 10k if I were to do it myself. 2-3k for cabinets. 1k for plumbing and fixtures1k for electrical and fixtures2-3k for granite countertops1k for tiling/flooring1k for miscellaneous like painting, etc. 

New sewer, electrical, electrical panel, mini split, tankless water heater, plumbing, flooring, kitchen, bathrooms, turf, driveway, hardscape, etc.

I cannot tell you after buying a property how many things come out of the woodwork like roof repairs, electrical repairs, new hot water heater etc. 

He was considering my house a remodel even though I stated everything in the home is original and that I was only repairing damage from the foundation and making some minor updatesHe required that I get an electrical permit for 5 new lights I had an electrician run for me.