I doubt any respectable lender will consider a property without electricity and missing breakers as "working" as the property is not habitable in this condition.

@John Clark haha in Albany Park there are now million+ new builds and 2 units in average condition sell 5-600s.

•Likely, the new property wouldn’t be cashflow positive due to the market conditions.2.Upgrade to a Bigger Property and Sell•Sell our current home and move into a larger house to better meet our family’s needs.• Use some equity from the sale to make this transition smoother.I’m torn between maintaining our current home as an asset and buying  a new smaller house to use as a rental after we move back in versus simplifying and focusing on a single upgraded property Considering factors like market trends, potential equity growth, and quality of life, which path do you think would be most beneficial?

I am primarily concerned with completing renovations in a timely and satisfactory condition, so I foresee the selection of GC looming large in my project's success.

You should also notify the tenant when they are either in violation of a reasonable expectation of the properties use or condition whether specifically outlined in the lease or not.

It was only purchased about a year ago and is in really good condition and fits the space really well.

It’s above average condition in a good location.

This property had significant potential for value enhancement due to its location and condition.

Separately from all of that - I recommend reviewing your lease up procedures to improve verification of signing tenants and their agreement and aware of terms and conditions. 

Now the details, price, condition etc..