I am 24 years old and currently in the beginning stages of my real estate journey.My goal in life is to be financially free using real-estate to create generational wealth so that my family will always have everything they need.For the last four years, I have been watching BiggerPockets podcast on YouTube and doing my own research on real estate.

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).

Great energy with this group.

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. 

Another idea I had was to just use standard research out there on building systems like the air conditioning, wiring, plumbing and so on, to estimate how much time they would normally take to require repairs.Here's a paper that discusses "energy modeling" for single family homes that is pretty recent that is an example of what I'm thinking of:https://www.mdpi.com/1996-1073/12/8/1537 

What are the other options for the property that can generate the most income?

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.

As I go through this journey I have also decided to educate myself in real estate investment so that I can be best prepared for July 2020, this is the point when I will be debt-free and will be shifting all my energy to actively investing in real estate utilizing the BRRR method.To that end, I have made it a goal to analyze 2 properties per day so I can become familiar with my area and become comfortable analyzing properties...and that is where my issue is.

The ocean surface temperature in the Atlantic is already at a record high in basically late spring and that provides a lot of energy for big storms..