Newbie needing advice

[Shagah Zakerion]

I have had an eye on a foreclosure for months but missed the buying period. It recently came back on the market but I only found out last night, offers end this evening.

I haven't had the chance to do a walkthrough with an inspector but the disclosures note electrical and plumbing issues. It's listed at $49/sqft in an area well over $150/sqft, and I would make it my primary residence while slowly rehabbing. List price is $130,000.

Curious if those disclosures should stop me? How much under, if at all, should I go on the list price to get the property knowing that those two biggies are an issue?

Or, as a newbie, should I pass on the property entirely?

Appreciate any input... Thanks!