To protect yourself, consider covering the electric for now, keeping a record of any payments, and adding them to the total owed when you file for eviction.

In advance I'm sure people will ask why I would have it under an LLC for my first property, of course liability protection but the main reason is Taxes, I'm not trying to have the added income from the property be on my personal tax returns.

A cost segregation study looks at a property you own to breakdown the various assets you purchased.The goal is to increase the depreciation expense by finding assets that have an asset life less than 27.5(residential) or 39 years(non-residential).Whether you should get a cost segregation study done is whether you will benefit from the study.Will you be able to use the added depreciation now or in the near future?

Who here is currently running facebook ads?

I saw one recently written about a certain asset class that is not doing well but this person was predicting it turn around very soon - which just so happens to coincide with their FB marketing ads about their new fund that is in that space.... 

I won't go with the riskiest opportunistic strategies, and will stick to core and core plus mostly with some value-added.

For example, my ad will state whether we accept pets, that we want provide income around 3x the rent, and that every adult must pass a credit/criminal screening.

In fact it may actually complicate litigation in the event a claim were to arise while adding additional insurance expenses to your real estate operation.To explain why this is the case I’m going to ask one very simple question: In the event a tenant dispute, premises liability, or any other claim were to arise, what prevents the Plaintiff’s attorney from merely listing your wife who it seems is the property deed holder in your fact pattern as a Defendant?

The key to a BRRRR is buying deeply discounted properties and/or adding significant value through renovation.

You can, but it's called ad hominem and slander.