Its not just a matter of rearranging dividing walls plumbing and electrical.  

The day I purchased the property I let everybody know via notice that I would be fixing any problems that they may have such as plumbing, electric, whatever.

I find RE syndications to be a very good blend, between managing RE and passive REITs, they keep me locked up for 10+years minimum, so I don't (as a glorified Chimp with Wi-Fi) trade out of them at the wrong time when market gets scary, but they also generate REIT beating returns and as an LP in 35-36 deals I have no active role, so I can focus energy/time at my job, creating more investment income, and the tax benefits are beyond sexy. 

So depending what you're looking at, most things that have power restored should of already passed a structural inspection.Pay attention to mold and electrical as well.

I will rebuild brick walls, replaced beams, plumbing, electrical, etc.

If you're also adding plumbing, electrical,  a bathroom and a kitchen then I'd say it's not enough.

They'll put all their energy in the project, and you're buying time.

This was a handshake type deal, and the tenant was paying just a couple thousand dollars a year for 5-6 acres of land where the tens is storing 204 old wind energy blades.

The electric has been off so the sump pump would not be functioning. 

Hi All,I just got my first-ever tenant moved in this past Saturday and all was going smoothly until she called to set up her electric.