I'll update when its ready to show, but its an incredible home, sort of a 4000+ sq foot castle on 2.5 acres in one of Milwaukee metro areas best, A+ prime residential areas, which has been HOT! 

Market is too hot I don't want to be in a bidding war""I'm waiting for rates to come down before buying"You will be waiting for eternity in this cycle. 

@Rod Brady - Like much of Texas, the market in Abilene is pretty hot especially around the ACU area.

Download your state landlord tenant laws..Is electric the only issue.. this storm is an Act of God,, and as long as the general area is out, not just your building because of needing repairs,, you would not be responsible to refund rent.. but is it safe to let them return or maintain living conditions.. what's your liability if a fire broke out and no smoke detectors,, they have probably no hot water or A/C.. 

Not the tenants fault.No but you can take enough showers to run out of hot water especially if the efficiency setting is used. 

Can this be used all the time or only when the market is hot?

An option could be to sell as the prices have gone up, however the area she is in is undergoing renovation and becoming a hot area part of me is thinking to keep the home long term to rent out in the future.

Provided the market is hot enough there won't be a long vacancy that is...

(Even if you think for a hot second they really deserve it!)

The area is hot right now so I ran it against comparable land for sale in the area.