That will fall on you to repair and likely reimburse the power company.  

The 1031 exchange is a a very powerful tool that can be used in a diverse number of ways to leverage your real estate investing career.  

I came across this Ted Talk by Rory Sutherland that explains how advertising creates perceived value as opposed to actual value for a product.http://www.ted.com/talks/rory_sutherland_life_less...Understanding the power of perceived value is crucial for parties on both sides of an advertised deal.

I look forward to having the conversation with him.

I also think you are elephant hunting with a .22, not a BB gun, but still under powered for the size of the project to start off with if you don't have RE experience, and that too can make investors gun shy.

Does that mean they'll be on the hook for the bill or it's attached to the home anyways so if that bill goes unpaid, the home is at risk of losing power if not paid?

I also plan to make the last months rent/security deposit conversation part of future tenant turnover in the event I make this deal happen - the existing landlord is a bit of a "lifestyle" landlord, for lack of a better term, and so my plan would be to slowly increase rents, establish formal lease agreements, security deposits, etc. as tenant turnover opportunities come up.

A couple more pictures of the barn conversion.

Your biggest investors will have the negotiating power, however you can try something like this:Pari-passu: 0-8%, 90lp /10gp First promote: 8-16%, 75lp /25gp Second promote: 16%+, 60lp /40gp Hope this helps.

Establish contact and arrange a payoff so that the lien is cancelled before the foreclosure process is triggered by the "Power of Sale" clause in the senior lien aka Deed of Trust in NC.