Of course they will be investing in the deal but people are the makers or breakers of deals first. 

And hello to everyone I am new to the real estate investing  circuit, I'm about 9 months in and trying to do my first deal.

This is the deal breaker in the eyes of the underwriter.

That would be a deal breaker for me.I stopped by the property again today with my father and my father-in-law.

It's good to know it's not a deal breaker, but rather keeping up with the local market price point and associated expectations.  

Get two packs for $20, and do like @Ken P. said and turn the main breaker off and replace them all. 

PDX market is uber competitive and not much to be had for 175k other than low end first time buyer type properties.. if you can get one with margin you can expect to make 10 to 15k per flip... anything more and a local will generally beat you too it.. and wholesalers  ( the very few we have ) will price the product or give you a purchase price that will back into .you can go to bulldog capitals website and register they are a wholesaler in town. and you will see how they price their properties.. they have the HML all set up and ready to go. but you must bring your own rehab team.Frankly though is yoiu have no experience  at home doing this going out of state could be a heart breaker  as the gentlemen from Pitt  referred to.  

For rental properties this isn't a deal breaker however it at the 10 year mark you might consider selling a property to purchase a newly renovated property or renovate the property yourself. 

I'm no pro (obviously), but I have watched a few episodes of Holmes Inspection on Netflix :-), and from what I have gathered there are some things that constitute a deal breaker. 

I say the first unit is a deal breaker.