Quote from @Bill Brandt: thanks for the clarification, the parcels being sold are "better than average" the parcels being sold are on a private lane,  with mountain views,  have natural gas,  electric, fiber internet, and cell phone service available. 

That includes the mortgage, the insurance, if there is any electricity the landlord is responsible for, if the landlord is responsible for any of the water and sewer, not all of those bills might be every month, some might be quarterly or twice a year like the insurance, and a small percentage set aside each month for vacancies, maintenance, and eventual capital repairs.

This includes electricity, water, gas, and any other necessary utilities.3.

It took us about 2.5 months to renovate the entire property including all the old systems (HVAC, Plumbing, electrical and roof along with everything else). 

Sounds like you'll want to sub out plumbing and electrical, it's not hard to manage two people's time like that. 

Electric, water, gas, sewer all have to be paid.

Loosing deal for the bank, water, sewer, gas, electrical, lawn care, and trash added up to more that they collected. 

You do need to check electrical, plumbing, sewer, etc.

Agreed,Should have been removed during rehab process but sometimes it can be missed.Rehabbed hundreds and many times the crews miss stuff so not completely on the seller.I always tell our investors to have common sense when doing a building inspection.Anything that can affect the long term sustainability of the property like foundation, roof, mechanics, HWH, furnace, electrical, plumbing is on us.Any cosmetic stuff that won't really affect rent or cashflow is up to negotiation.If investor is adamant on being fixed, we will fix but at a cost.There is no such thing as perfection on 50-100 year old homes.The demographic in my area also doesn't require perfection.If they do, we don't rent to such folks and advise the suburbs which come at a 3x monthly rent compared to the city.The tree should be removed by the seller and foundation addressed.Doesn't look too major to me anyway.Thanks 

If you are covering the electric / fuel then one tank it is.