Updating plumbing, electrical, etc. is not as expensive as most folks think, especially in smaller homes that are abundant in the Detroit market.You also have the budget to do BRRRR's in a market like Detroit, but please don't try and go that route on your own. 

The condo had an electrical fire about a year ago and the owner has been making mortgage payments and rent at their new place during that time.

My electric bill is too high but I'm not going to disconnect from the grid.Limit your property purchases to Iowa and you're all set.

Electrical is quite expensive and rightfully so.

These seven companies include Centene (#25), Emerson Electric (#207), Reinsurance Group of America (#257), Edward Jones (#333), Graybar Electric (#378), Olin (#410), and Ameren (#480).

With new floors, cabinets, electrical, plumbing, and appliances, it offers turnkey living.

From my experience, since tenants typically pay electric, they would directly pay for powering the window units versus a central unit which the landlord would pay for.

Has a detached garage that has plumbing and electric.

If your shell is back to the studs, just getting the rough in phase; insulation mechanical, duct work, electrical, plumbing passed inspection, with the holding costs that will put you over 100k.  

Just to give you an Idea on some numbers , I am doing a 2100 sq ft house , class A neighborhood ,  clean out , removing some walls to go open floor plan , minor electric , some mid level replumbing , full custom paint , new kitchen , new bathrooms ( 2.5 ) , new windows , refinish hardwood upstairs , Vinyl plank downstairs .