How much do the utility hookups cost?

If she gifts the home to you, you inherit he cost basis and owe all the taxes.

Just a follow up question, were you utilizing debt to invest, I have always been taught since a young age to try and not utilize debt (I come from a family of stock market investors, traditional business owners) where debt is not utilized as frequently which I obviously understand debt can be a very powerful tool and utilized in a great way its just something I want to avoid with my investments to an extent any suggestions for investing without debt or as little as possible. 

Utilize tools like BiggerPockets for resources and calculators, and consider creating a simple spreadsheet to track property details, budgets, and timelines.

I did make sure they got the utilities switched over in to their name which took a few days.All in all, it was maybe 7-10 days left in august by the time they got all the utilities switched etc.

Then there are the challenges with Section 8 tenants paying utilities and taking care of their rental property.

Also 4th quarter of last year Packwood and county officially did discuss potentially regulating STR's by either limiting numbers or adding a tax to cover increases in local services that are needed. 

I would like to purchase my first property sometime next year, utilizing this year to learn and network as much as I can.

Fail to produce K-1s in time for LP tax returns to completed on time, refuse to communicate with LPs, when LPs start to express frustration.Cheryl Cheryl, I'm sorry to hear this.Many investors learn expensive lessons with their early investments.Knowing nothing about this deal (because I didn't invest) I can already tell you the 24% projected return was a major red flag (in my opinion).

Note if monthly rent is 0.5% purchase ratio, the property tax will be ~20% of the rent.