Then figure out the time and energy you can commit to investing and other life priorities to be.

I buy supplies, and keep up with pricing, do repairs, except for electrical, plumbing and A/C.

Despite current unemployment rates maintaining below 5%, the recent rise from 3.8% to 4.2%(recently revised to 4.1%) is significant, especially when considering wage growth adjusted for inflation.Over the last few years, the median household income has dropped by 7.2% when adjusted for inflation (and this isn't even considering volatile food and energy prices), a troubling trend given that inflation has outstripped income growth.

My vote is to repair, repair, repair.Water damage can lead to significant problems, from blistering / peeling paint to ceilings collapsing and electrical shorts.

Renters handle the electrical and water, and manage the lawn.  

@Steven Mendiola admire your gungho attitude, be sure to temper it a bit with reality, but don't lose you energy - it can help you recover from a lot of mistakes!

I have a BS in Electrical Engineering from the University of Arizona and spent 4 years in the military prior to that.

Utilities start-up feesSevier County Electric will charge you a deposit.

Tenants pay heat, electric.

The other key to this property is it has city water and sewer at the lot lines which would obviously be cheaper than well and septic + has electrical just next door.