philly shell for 10k...advise

[Joe Boggin]

im not quite sure how you define shell? im guessing you walk in the front door and see nothing but wall studs and floor joists. there are some properties where i work that are under 10k. they claim to be shells. these homes are small. under 1000 square feet. this one house in particular is listed for 10k but needs 10k in repair work with an ARV of 35-40k (thats what the realtor says)

my first rental needed new electric service. cost me 1500 for a new 220 line run from the street to my basement. 40 breakers and ground pole installed with all wires installed back into breakers. the wires running from the panel to the rest of the homes outlets were fine and didnt need to be addressed.

what should i expect to pay for the guts of a shell? not cosmetics and cabinets but the core. i dont want cheap cheap but i want to minimize cost. this is for my rental portfolio. how would you approach this....i figure i can get new service and rewire house for 3k? plumbing? i like the idea of keeping the entire house electric. no gas lines.