Depositing the rent every month isn't a big deal, but cleaning the unit when you have a turnover can take a bit of time.

We have a good cleaning team and handyman if needed.It isn't that hard really, but remember, your usage must be 14 days per year or less if you want to take advantage of all the deduction of expenses for running a vacation rental home.As far as loans go, we just applied for a 2nd home loan and that was that.

Lower operating costs are definitely a consideration I take into account when I’m looking at property, and I think most would agree that a house with $0 electricity bill is preferable to one with a bill. 

For example, I was buying a house  and I warned my realtor that I will be coming probably a month in advance and asked her to make sure The seller turned electrical on and water.

It's clean and functional.  

Boiler system, electric? 

All other major cap ex expenses have been taken care of, has a newer bathroom, newer kitchen, electrical updated etc.As it sits it will likely appraise for 65k with a new roof. 

Scrape off the old paint, clean it and prep it entirely before you paint.

The electrical install cost will therefore depend on which you decide on.

I have a lead on a 10 unit studio apartment complex and upon further digging, the landlord pays all electricity, gas, and water.