If the tenant fails to correct the situation, their account is shut off but the utilities revert back into your name so there is no risk of freezing a house or some other issue.I manage 340 units and the utility company notifies us any time a tenant starts an account, closes an account, or gets behind on an account.

But the sponsors (and passive investors) can do very well if market conditions stay favorable or if they exit prior to a correction. 

But if you're saying they had a licensed contractor fix it or inspect it and state it's working properly, but you think it's not repaired correctly, you can call the contractor as there is usually a warranty, which is why most agents demand repairs are made by licensed contractors so you do have some  protection if it's not done correctly.  

Taxes are high but no issues if you buy correctly.

Would anyone (preferably with experience in those areas) be willing to review my BRRR analyses to help me understand if I'm doing this correctly?

I hoped that Sebastien was just reiterating that point, rather than thinking he was correcting me.

When that happens the price paid has to go down for unknowns that cannot be validated correctly.

Somewhere around 50% or more if I remember correctly.

Such expenses can include travel to and from a property, out of pocket costs to make a property to look presentable and any cost to a broker to maintain a license.Since she is considered self-employed - she may be eligible to put a large portion of her earnings towards a retirement account.Since you plan to acquire more properties - you should make sure the depreciation is calculated correctly.

@Thomas Castelli,That is correct.