You can also find out info at the city hall (Electric Co.).

(Except one electric stove which came with the house and was too heavy to get rid of) My PM in AL is telling me about any appliance including a fridge, "You put one in and it breaks, guess who is expected to fix it?"

I've fixed up a number of homes myself including doing most of the plumbing, electrical, and whatever else it takes.

When I was fresh out of high school I took a job in the electrical union one of my first assignments was at the Ford prooving grounds in Romeo MI.

Then factor in utilities, water, sewer, electric, gas etc if you are covering those for the tenants.

Can it be as simple as:3 Small Ceiling Fans1 Large Ceiling Fan1 Stainless Steel Dishwasher1 Stainless Steel Electric Oven1 Toilet1 Kitchen Sink with Hardware1 Garbage Disposaletc...Do I need to be more exact with each item's size, colors, and brand?

You'd still have 10 to 15% skin in the game and you could tell the bank you would then use the additional savings to do some more updates.4) re: Rehab of second bldgThats a bit of a concern that you have no water or electricity in the second building.

How much will be in that account in 15, 30, 45, or 90 days, based on $x per month in water, electric, etc. as well as $100 a month for capex.

They deal with applications, background checks, bill collection, evictions, plumbing issues, HVAC issues, electrical issues;  basically you name it, they deal with it. 

I have a 2 unit building with 2 HVAC systems and tenants pay electric and gas.