I have general lights but apparently, the emergency lights need to be connected to some sort of battery(I’m not an electrician) and piping in order for the lights to stay on in case of a power outage.

My primary concerns are: it’s a rather small town and I think somewhat limited applicant pool to fill the units. the current owner pays water and electricity - I’ve asked for recent costs which the realtor is in the process of getting but it did not sound like a substantial amount.

That is the power of owner occupied terms. 

Originally posted by @Dan Powers:@Al Diaz I highly recommend @Stacia S. for staging and any other project management needs you have Thanks, Dan.

This rehab portion was for some big ticket items; siding, plumbing, electrical, flooring, some walls, etc.

Its offers powerful cashflow and there are a lot of business/services that can help you with that. 

You can lose spending power to inflation but you can lose your shirt elsewhere.

Your income will go a long way for you with your buying power when qualifying for your FHA loans.With closing costs and everything, if its not a major fixer, 75k is probably a safe budget to play with.

There is standing water in the crawlspace, some work to be done on the kitchen floor, and some electrical work. 

It snowballs quickly and before you know it you've paid off the property in 5 years, or completely recharged your buying power, however you view it.One thing, if you haven't found a first lien HELOC, go get that instead.