It's a known bug and has been for years. 

- Electric is 60 amp panel and the seller is saying this is standard for a home this age... true?

Here are a couple things you forgot to mention- you shut the electricity off on us the day we moved in (with 100 degree temperatures), you left a non working washing maching in the laundry closet filled with brown water and made us take it out... you also had us walk through the back yard with you and there had been drought for days, so the mud wasnt visible... and in your lease it stated that we were to make you aware of any changing conditions of the property... also i first approached you about the issue asking if we could and i quote “seed the back yard ourselves and just take it out of rent” i never asked you for sod, i never demanded it- actually the first person to mention sod in our emails was you! 

.… A good electric car costs at least 50K and often young professionals drive a X all paid for.

Hey Chris thanks for responding, it is a sfr which needs new roof new hvac some demo updating of bathrooms reconfiguration of room dimensions updating of plumbing and electrical.

Electrical, plumbing, roofing, carpentry, housing codes, fire codes.

I just double checked my numbers for my duplex, it cash flows even when considering an FHA loan (I said down payment was 3.5% in the calculation) and 8% vacancy, 5% repairs, 5% maintenance, and 10% management, $40 a month for electric (2 meters are 20/mo each that I have to pay for), $33/mo for water, $62/mo insurance, $35/mo trash, and $15/mo PMI.It's not crazy money, but it does cash flow even after all of those expenses, even though the down payment was calculated as 3.5%.I would at least target breaking even after expenses, even with an FHA loan.

Hi Joseph.Most landlords and owner-landlords in the DFW area require their tenants to pay their utilities including; gas, electric, internet, water/sewer however, some landlords; especially for apartments will the pay the water & sewer for their tenants. 

How to always get lowest cost electricity?

And why are you going to do an update to electric heating?