For most, it's hard beginnings to get in the game but there is likely a payoff if you can stay in it long enough.

If it is on the property line expect the power company to want it to stay on the property line.2)  Is it simply a pole on your property for your service connection? 

They should help and guide you through the process.

The rental rate is between $700 and $900 per month so the curret tenant couldn't stay there paying that amount.

Stay away!

As we all know inspectors can be your worst enemy, they don't have to be your friend but you want to stay off their immediate radar..Code upgrades are usually only required if you pull permits.. to do upgrades,, but if for instance they do a yearly inspection and find you need GFI outlets in bath and kitchen you'll need to comply and get it taken care of.. along with what else they pick out that needs replacing or repair, once the door is opened up they have the right to write fix it orders until it's in good enough shape to comply with living standards.1. parking for your tenants.. forcing to register cars..

The current tenant we have in this situation has let me know that she wants to stay another 5 or 6 months.  

@Antoine MartelI'm mainly staying in the $140K-$160K range.  

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However be aware these types of people usually file motions and to continue to exploit legal loop holes, in order to stay in the property longer, so take no prisoners.