I wrote two articles for BP that will help clarify.

The question arose after reading a BP article arguing that you shouldn’t use cash from a refinance to pay off student loan debt, but rather pay it over time and use that cash for a property.

Here's a link to a previous BP article on Seller Financing: https://www.biggerpockets.com/blog/obtaining-seller-financing-in-real-estateThere are many threads on BP regarding Subject-To - which means you buy the property subject to the existing financing (you make the mortgage payments from now on.)I hope this inspires you. 

However. as long as you have a line, neutral, and ground wire (3 prong fittings), installation is cheap.NEC Guidance: https://www.ecmweb.com/national-electrical-code/code-basics/article/20898894/nec-requirements-for-groundfault-circuit-interrupters-gfci

Have a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog 4.

Any suggestions on articles or videos to watch for someone who is planning to open a recovery home.

If you primarily invest in WI and plan to continue as such, I would start researching boots-on-the-ground teams or experienced REI contractors that can provide you with a work of scope on the property - know what risk the property has physically before you invest.

Here's a more substantive article on it: https://www.investopedia.com/t...If each of you is financing the property equally, that shouldn't be a concern whatsoever.

EIDL funds cannot be used for physical repairs, expansion of physical facilities, acquisition of fixed assets, bonuses, owner distributions (non-performance related) or refinancing existing debt." 

Get an app that lets you snap a picture of every invoice and receipt, store physical copies in a simple folder in a filing cabinet.