Buying a foreclosure without inspection

[Erica M.]

Hi. We've been looking to invest in a SFH and making it a rental. We found a foreclosure at the 90k price point, which is good in our area (NY). To our surprise, the house looks pretty good inside. It's not too bad on the outside either. Problem is its winterized and no electric service. So we can't check out the utilities. I know our options, but I think we might forge ahead without an inspection. Is this a huge no-no? Have others taken this risk and it paid off?

The house is in a desirable area and I feel really good about the asking price vs it's market value. But Is it just too good to be true?  Is the bank hiding something?  What's lurking behind those walls?? Anything I should do or look for in particular?? I feel like I need to be a detective.  Thanks!