It's a great place to cut your teeth.

You don't want to be responsible for any of their electricity bills whatsoever.

But Class B & C, no issues whatsoever.

Sure it would help but you don't get rich on write-offs, you maintain wealth.Disclaimer: I'm not a qualified tax guru whatsoever. lol

However, if there is a leak of any size whatsoever you will be losing a ton of money on this deal. 

One word of caution if you get a Craigslist contractor  DO NOT GIVE HIM/HER ANY DEPOSIT WHAT SOEVER.  

Again we have no experience whatsoever but we do have contacts with veteran investors who has been in the real estate investing business for about 10+ years. 

Even a seemingly simple enhancement like storm windows often results in no energy efficiency improvement whatsoever-you can Google this to make sure. 

Your experience could be different but in our opinion and from what we’ve seen/experienced they don’t get our recommendation whatsoever. https://www.biggerpockets.com/topics/664363https://www.biggerpockets.com/topics/622818https://www.biggerpockets.com/topics/670574https://www.biggerpockets.com/topics/668695https://www.biggerpockets.com/topics/652635https://www.biggerpockets.com/topics/654263https://www.biggerpockets.com/topics/655127

However, if you are, in fact operating as a business (sole proprietorship, for example where you have no forms to file whatsoever except a Schedule C with your 1040), and you have separate bank accounts, receipts, etc. then you're just as legit to the IRS.