It should go without saying, but I do understand when you're new to real estate expectations can be out of line with reality --- if you finance 100% of a deal you will not see any money out of the deal for many years and will be putting money in for many years.

It also results in a nicer product, attracting better tenants. 

The basic premise is creating an LLC, opening a line of credit, even if small. 

He has used hard money as well as a line of credit from Chase for his homes.

Would I be on the line for paying these overdue bills upon purchasing?

It is just a farmer's market for real estate products. 

At this point, I would recommend having a line of credit to cover these things so you don't have money sitting in the bank doing nothing when it could be put to work.I have 33 units, no debt except for mortgages, and excellent income.

And got a couple houses from random lines of credit from banks.

I think it will cost more to heat with electric, which will drive down his rent rates and hurt his bottom line.

As the market evolves we've intensified our commitment to helping investors focus only on listings that are eligible for vacation rental usages and either; have exceptional existing production or high potential for rental performance.