It will likely take at least 3-5 years of focused effort to start generating significant cash flow from real estate, even if you use leverage (financing).

First I would call the local utilities and contractors who deal with this stuff to see if your assumption is true.For electricity maybe some sort of generator?

Some, like TC, offer only basic accounting, which is fine if you're a very small landlord, don't plan on growing past a few units, won't need to generate accounting reports per property, won't need to create owner statements, don't need to reconcile your books, and don't have a chart of accounts.2. 

My wife and I are based in the Southeast Michigan and are eager to dive into real estate investing to create generational wealth and ultimately escape the rat race.A bit about us: We have a combined $16,000 in savings and approximately $150,000 in retirement funds.

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Is there any way to get a ball park idea for this without engineering documents to generate a quote from an excavation company?

If you can generate a return in excess of 8%, then you can borrow the down payment from private investors, or even the entire purchase price if your hard money loan was at a higher rate than this.

You are positioned very nicely to build a substantial real estate portfolio for long-term wealth generation and monthly cash flow. 

I have a lockbox on the property that generates a new code for each property tour.I live in Santa Monica, CA so I need a tool that will allow me to manage the property remotely.

Hopefully it was something that is generating return.Hopefully your 3% cash flow includes reserves for maintenance/cap ex.