I do think these numbers seem very good and would dig quite deep to test the veracity of them before committing.

@Craig Poskus Publication 527 doesn't help much on this because there are no bright line tests for what qualifies as a 5 year asset or a 27.5 year asset.

(This would be my first rental, one I could test the waters with to see if I am cut out for it or not) The 4 options that I can think of for my current house1.

The electric company said that the meter is there so they can test it through that, should I even get an inspection if I can’t turn on water or electric it just seems like a waste of money.

This could be a good test for your negotiating skills. 

Use s pressure test for plumbing, generator for electrical.

That 'one property' will become an invaluable learning experience & a test of your endurance. 

I took the pre license exam and then the test right after my 18th birthday.. flunked first time you were allowed to take it two weeks later in those days passed that time :)  served me well all these years.. not without its ups and downs.. and to me its not work its a lifestyle..

The successful note investors that stand the test of time usually spend ample time connecting with folks in the industry. 

Has as a perc test been completed?