Now of course only a rookie investor will work with a rookie agent - talk about a power team (not).You would think that agents have the inside track and buy the good deals for themselves, which is not the case: I think from 180 agents in my office only 3 or 4 own rental properties that I know of, and one is a builder.

Knowledge is power when it comes to this industry. 

The management fees change too for class A I have managers who do 5% flat but for lower class areas you are typically looking at 8%+. 

The new tenant should have requested a transfer because you do not want them to get into a house with no power.

I work for the power company so I can confirm there wasn’t electricity in most of these areas until the late 40’s.

Normally the meter pedestal is located 15 feet or more away from the home is where the power is delivered.Are you on city water and sewer?

In chatting and building the relationship (I’ve been helping repair some things around the duplex), he’s the one that has been discussing moving on with the property and the thought of owner financing, he mentioned the tax benefits of it all.Now he could just be testing the waters to see how much I know and what I would be willing to expose, but he’s definitely keen to the idea of it all...I guess overall I’m eager because I know the power of this property, and the willingness of information he’s been sharing with me.

The utility/electric power company installed it. 

I hear you bro about no hoa fees = higher buying power, but I'm torn about it because like you mentioned before being an out-of-state owner, it good to know the maintenance is taken care of and especially if the property is vacant there's less of a chance of squatters. 

I found it that besides having access to MLS, most agents do not have any superficial powers and not adding much value.