I just wasn't sure if it is my responsibility to do something if the electric bill is high and are not satisfied. do I have to be concerned about that?

welcome. it can be profitable but do your due diligence. network with people that are doing it and try to see if can find mentor.

Really make sure to do your due diligence on this front on every property you look at

Then do the floor. 

On the other hand, if you are looking to do a more heavy value-add with renovation you may look for bridge or private money options.

What do you do?  

So I'm trying to evaluate the best method to do this..

Iv become an expert in the co-living niche and continued this, currently looking for more opportunty if anyone is thinking of doing thid with their property or has an opportunity to offer!

You can do this on foreclose properties without an appraisal.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?