I can update the sub panel to 100-200 amp setup and replace the two pronged outlets with three pronged outlets with GFCI's.

Utilities not onInoperable heat supplyMissing or insufficient weather-strippingLoose or torn carpetMissing or cracked electrical outlet cover platesCracked or peeling paint on wallsCracked or broken window panesMissing refrigerator kick platesEvidence of roof leaks/pipe leaksDirty stoves, ovens or walls and unkempt perimeter surrounding houseInsufficient bath ventilation and inoperable smoke detectorsLeaking faucets or plumbingNo temperature/pressure relief on water heatersYou screen your own tenants, then you submit the paperwork to have a tenant approved by the Housing Authority.  

She brought up an issue with some outlets, and I called a local electrician to come by and look.  

Did they wire new electrical outlets?

If you find out let me know. 

(tools knowledge of outlets/discount materials & sweat equity)WHAT DO YOU RECOMMEND WE DO FOR OUR FIRST DEAL??

The answer is "When you find out, let me know".

I am concerned that at least one of the 2 walls is load bearing and both have electrical outlets in the walls.  

Now he's facing stiff competition from the other outlets, because he cannot keep up with the trends & demands of his customers..

@Mike Flowers