There will also be times when outlets won't work, and power will be out to the whole unit.

Yes, missed rent payments, evictions, and unexpected events are all part of being a landlord. 

Some owners will want to know about every maintenance item that comes up as it does, some are OK with seeing it on monthly reports, some owners, typically long-term clients, trust your judgment and may only ask for details about this or that if the item is unexpected or unusual.- Yes- Quarterly would be slow; most PMs send these each month.- How you pay PM fees and structure, you have some discretion over.

(knob and tube aren't grounded - so any outlet near a water source wouldn't have a GFI on it.

Moral of the story if you only have $4k I would definitely recommend going the turn-key route or have a plan to save a bunch of money for the unexpected expenses.A few other things that are easy to overlook with a VA loan, like the origination fee (I may not be calling it by the right name) on top of the standard closing costs.

Several years ago, I barely had money for food when starting out, let alone to wholesale.

It's a condo built in the 70s that needs some framing, drywall work, flooring, cabinets hung, bathroom surround tiled, electrical outlets replaced (because it's dumb when they're all different colors), & doors hung.

There's an unexpected zombie thread revival and review.  

Are there any broker outlets to broker the Fannie mae solar panel loans? 

With that said I just recently had about 12K of capex on a duplex unexpectedly the first year we owned it.