It turned out to be a notice that the city was going to shut the water off from the utility bills not being paid.

We are also open to other areas, as we plan to utilize a property manager to handle the day-to-day elements of the home.We currently have $80K saved, and can probably get to about $135K by May of 2022 through various income streams.

You'll need to utilize interest tracing to deduct the interest of that Heloc/Refi funds against the rental income of the rental it is used to purchase. 

So you could utilize this for your existing property, not taking on any extra payments if it is structured properly.

Utilities, park owned homes, zoning, etc are some of the things to look at.

In my area there are worry free warranty plans offered by the utility company and they come out very fast, so it’s worth getting appliances on these plans and charging the tenant to pay for them.

How much are nearby properties worth, what rent are they charging (check out rent estimators online like rentometer), do nearby landlords make tenants pay for utilities, etc.

put the utilities in your name, pack a sleeping bag and sleep there from day 1  and you will be safe..  

You have a few options to utilize your properties' equity to finance the cost of rehab, you can do one of the following:1.

Keep the utilities in your name during this period.