I'm new at this, but my assumption is that the electrical system has to be brought up to code in order to sell the house.

-Fix Roof-Renovate and re-arrange walls-Redo Electric panel and seal from moisture buildup-Remove tenant (found out she was section 8 but I got lucky and they already found a place!

Community has no HOA and taxes are low , it's also on a well and septic so you only pay for electricity which is low.

I am taking my time to check everything out plumbing electrical tenants and there leases past bills from owners regarding.

All new electrical and plumbing?  

The problem has been diminished and I'm real happy with the results. my electric bill went up , but it's okay.

Lot's of mold, foundation cracks, bad plumbing electrical, and money going out the door everyday until you sell it and hopefully make a profit.You need the attorney to outline risks and what goes wrong.

These particular houses are over a hundred years old, in an area that is in revitalization, They get everything from repaired foundation, all new electrical, HVAC, plumbing, insulation, roof.

In this agreement we identify the utilities and services which are in-scope (i.e. electric, water/sewer, gas, snow removal, lawn care, etc) and the amount which the tenants will pre-pay into the utilities fund each month.The programme works as follows:1) Tenant pays the agreed-upon amount on or before the first of the month (paid in advance);2) Utilities remain in our corporate name and we ensure the utility bills are paid on-time.  

What are the condition of the appliances, are there any, trees - how many and are they overhanging on the house which means I need to get my tree guy - I learned from a property I bought that had a nice yard but for living in it not renting since it's a cost to maintain, size 3/2 are good in my area and not so much 2/1 depending on the area - I live in a college town but a 2/1 in a family neighborhood isn't going to rent well, age recently for me as I lowered my range to include older, pre-1980 to 1960ish,  homes so now I have to consider electrical and plumbing, overall condition of the property.I can't speak for a fix and flip but I would suspect they may look at the property for "some" of the same things - maybe not.