I’m very hungry and determined to be successful in this industry.

I think, if a property manager knows they will have to produce results...ie. obtain the rent the acquisition staff suggested was attainable...get the home rent-ready...for the same general estimated cost the acquisition staff determined...then there is built in accountability. 

It's up to the parties to discuss and determine what that "pad" looks like.

Is this a property you need a cap rate to determine to sell?

Also, to the extent possible, inquire with residents to determine if they've experienced reliable service from the private utilities.  

@adrian stamer I'm not sure how you can determine my risk level with out reviewing my deal.

Terminate this Contract by written notice to BUYER and, at SELLER’S option, either retain the Earnest Money as liquidated damages as SELLER’S sole remedy (the parties recognizing that it would be extremely difficult to ascertain the extent of actual damages caused by BUYER’S breach, and that the Earnest Money represents as fair an approximation of such actual damages as the parties can now determine) as provided in this Contract, or pursue any other remedy and damages available at law or in equity. 

Since the property is vacant, they have to determine their next move by viewing the issue from my property's side.  

Also, unless you use an electronic lockbox on the front door, you may want to use intelligent locks, which require Internet access, which requires power.No question that there are many reasons why you should turn on utilities, not the least of which would be to better understand how the plumbing and electrical is working given the property has been vacant for a while, but I can't think of one reason why you shouldn't, including the one about saving money, because I am fairly confident that not having utilities will end up costing you alot more than you might think.Best of luck on your project!

What I've found is that our local housing authority, does an inspection and then determines how much they will give for the unit in rent.