The gas company employees are killing there business here.One thing you need to consider is if the house has enough power service to feed an electric hot water heater, you may have to upgrade that. 

No different than people accepting poor service at a place of business by continuing to patronize it and creating a sense of norm around accepting poor service.

Where will you get the down payments, make debt service, manage, etc?

The property currently cash flows me about $790 per month after debt service and all expenses and the property management fee.

Make sure it explicitly explains the process for termination if you are unhappy with their services, but especially if they violate the terms of your agreement.3.

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.

Do you have enough cash reserves if your REI doesn't work out? 

The tenant had multiple businesses and is financially secure with reserves. 

Any other sites/services out there or is this the best option? 

Hi BP, newbie & I’m looking for a note servicing center in California for one loan.