Do we have (state by state) benchmark utility cost data I can use to compare my bills to?

You can use a custodial account or if you wish to have more control special purpose LLC can be utilized to gain checkbook control and minimize custodian fees and eliminate their involvement in the investment. 

@Willie R.I agree with Account Closed that title companies in Texas utilize Texas lawyers.

Have you utilized the BP Calculators to assess your rental business?

Where are your expenses for legal, advertising, janitorial, utilities, etc. ? 

The utilities are still in and the survey has been done.

I can't get the utilities arranged, nor an electrician lined up to fix some issues ... without knowing the move in date.Suggestions??

I am a CPA with more than one real estate business that utilizes a home office deduction (including a brokerage).

Tenant agrees to a new termination date of the lease of July 31, 2015....Landlord agrees to refund to Tenant all unapplied pre-paid rent less costs for damages, utilities overages, cleaning, and financial remedies upon the date Tenant quits and vacates the property.Would you recommend billing the tenant for the damages from Question #1, or go ahead and deduct the amount for damages from the rent refund just as the tenant signed and agreed to in the Early Termination agreement?

I think the 4/2 had a 24K BTU (it was ~5 years ago) and required an extra drop from the utility company and a new panel.