Conventional loan with repairs questions for a Rental

[Courtney Olson]

Good morning,

I’m looking at a 4/2 brick home on an acre Lot in AL and I live in FL. I like the location and it’s currently rented. The structure and roof is good with some issues I want fixed:

-covert fuse box to 200amp cb panel

-storage shed/garage water damage

I’m seeking advice on how to make an offer with either the seller repairing these items (another investor I’m not sure I trust to do it properly) or asking for funds at closing (escrow). 
I believe the most I can ask is 2% for concessions but I’m wondering how the process would work for holding funds in escrow for repairs and satisfying the lender. 

Thank you,

Courtney