@William Huston Responded to the conversion process in a different thread. 

William, Some utility companies have warranty/ service agreements that you pay for every month, i do not know how fast they would come out to repair stuff. i know here in NJ our Gas/ Electric provider, PSEG, has such a program but you pay for it monthly whether you use it or not, i don't know if they do minor stuff, mostly larger appliances. but that may be different with the utility co. by you.

@William DeLucaIt's like an ordinary bank loan but you have to negotiate with the owner on the details.How much do they want for a down payment?

I've been listening to the Flipping Junkie podcast and reading "The Business of Flipping Homes" by William Bronchick and Robert Dahlstrom and I can't say enough about the book Rich Dad Poor Dad.

Keller Williams Advisors Realty (my brokerage).

Keller Williams has a few offices throughout the valley that are owned by RE investors and managed by the top tier of RE agents within the office. 

One is with Keller Williams. 

@William Simmons if you are in a flood zone, your insurance estimate is way too low.

I am working under the Keller Williams Realty Greater Quad Cities office.

@William HustonIt sounds like this CPA was looking at cash flow thru his tax deduction glasses.