Yes, more liability but I've not been concerned with that to date, but like most contracts, nobody is all that concerned until things go sideways... or in the event of a water landing as @Jay Hinrichs said (I'm stealing that one by the way).

Hey Christian,I went through the identical situation on my first purchase back in april, tenants were on a mtm lease so after i closed on the property i just had to give them a notice that their lease would not be renewed at the end of the month and that i would also give them an additional 30 days to vacate after the final month was up. 

I wasn’t trying to steal your thunder.

You could probably steal THAT part of the idea and apply it elsewhere.

Stealing equity from uneducated people (typically poor people) who are desperate isn’t a good business.

the electric company is responsible not sure why someone would steal a meter

Fully rehabbed the ARV is around $175 up to potentially 195k if rehabbed well enough to comp with newer builds, but in the condition I assume it is in, the CMA comes out closer to $150k with some nearly identical dated comps sold nearby in the last six months right around that price. 

The the other joker in that deck would be that if those duplexes are substantially identical and there is a sale to you at an obvious discount rate the IRS will be looking for a reason to find cost basis shifting.

I have found it worthwhile to spend the time to develop and/or "steal" written processes. 

"Bob-The Son" gets hooked on heroin, vacates the property, returns to steal everyone else's stuff to pawn for drugs, gets arrested and goes to jail.