He will be living there rent free, sewer, water, trash and electric week be on our name.

Currently the top unit is leased for 10 more months at $550 and $25 for water (I pay for water) and tenant pays heat/electric.

Then I found out they didn't pay their electric and phone bills either.

Yes, the CREDIT immediately becomes available as you pay off a HELOC, allowing you to reuse it, but you’re going to waste a couple hundred dollars per month on interest payments as well, reducing your income’s buying power.

The home is in complete shambles (no plumbing, no electrical, water damage etc.) about $150K in repairs are needed.The home is in a great location and would sell for a large profit if fixed up. 

Things like security funds and or power of attorney?

The plane needs maximum power and effort to get into the air but once at flying altitude, the engines are cut back and the plane coasts.Your RE career has not taken off, you need to reach maximum energy doing productive activities to take off.

They know seniors are on fixed income so the rent price tend to be cheaper and if not, most times the amenities like gym, laundry, electricity or gas are already included in the rent. 

The 2BR and 3BR units pay their own gas and electric.

Good day, last September I was the electrical contractor on a house that the builder built for $170/ft. in Paramus, NJ.