I can say that I have never seem a live bug in the house.Perhaps you or the PM should arrange to meet the pest company, so no charges are incurred.

Now assume I double the rent to bring it up to market levels slowly over a couple years and cut expenses by passing on the water and electricity.  

The 1/1 rents out at $1,000/mo, with heat, water (well water), and electric included...no washer/dryer hookups in unit, and no covered parking. 

Not sure if the tenant fixing it themselves threw some people off (really meant they're responsible for covering the cost below $50-$150), but I have exceptions within the lease agreement that state any issues relating to plumbing, septic, electrical etc. need to be addressed and paid for by the landlord regardless of cost.

Electrical outlets and overhead lights can let sound through.

When we moved my daughter into her apartment with her roommate this fall, they had to set up electric and cable/internet in their names (and decide what was going in whose name, get the cable hooked up) and it was a bit of a pain, considering everything else you are having to do to move in, prepare for the upcoming school year, etc..  

I have a 3 unit building where the electrical panels for all 3 units and common is in the basement.

(rebuilding interior walls, closets, shelving, kitchen counters, cabinets, lighting, fixtures, flooring, bathroom, etc).Note: plumbing, electrical, etc into the unit is all being covered by the building, so I only need the "walls-in" rebuild cost per sq ft.As far as quality, let's say "middle of the road"... so we're talking nicer than your typical "cheap rental property", but certainly not looking to do a high-end rebuild (no high-end finishes, etc).

Depends on whether you're dealing with deferred maintenance or on the flipside you could have an older home with already updated plumbing, electric, hvac, etc. 

Can I request that the heat be switched back to electric?