Saying the issue was how the schedule E was filled out.  

I am not going myself but it could be helpful for you. https://www.eventbrite.com/e/rehabbed-and-ready-open-house-bus-tour-tickets-63770398980

We choose to use our HELOCs as short term financing or credit reserves for quick usage and partner with hard money or private lenders for the majority of the financing up front.

That cost could be baked into the rent, but without any incentive for the tenants to moderate their electric usage, it could be a costly situation for the owner.I would recommend looking into costs to have it metered properly first and if that is not effective, have a set amount built in to the lease that the tenant will pay each month. 

@Lynnette E.

I have form letters for all legal issues and can e file evictions from the comfort of my living room. 

From my understanding it is not uncommon to ask a seller for the Schedule E.

I'm not an insurance guy and so do not know all the details (maybe one can chime in), but I've seen insurance policies that purport to cover up to $10k or $20k (or w/e) in "surprise" special assessments.

If you can have access to all the units and ensure everything is "off", you can then check the flow indicator on the meter to see if it is still indicating water usage.

They should roll into your personal return on your schedule E.