Building is 1968- will have to find out about lead paintPitched Asphalt Shingle Roof with aluminum gutters, Ill have to double check but think its 5 to 7 years old.Separate meter for electric but owner pays for heat (Oil-- not sure conversion gas is worth it but option is there)Good question about wiring, i would've never thought of that..I would assume I want it to breakers..

I'll keep this brief, I'm an electrical contractor and I was subbed out to do some work for a guy.

Taxes are definitly high and do play a bug role in flipping.

I feel like if I at least converted the electric to two separate utilities, I'd be good.

Here in the same county, a friend of mine had an large, older ranch home, built in the 50's, on a gorgeous piece of riverfront property (in a very desirable, upscale, neighborhood), that still had the original electrical meter , and the power cable /electrical feed coming into the house right next to the front door!!!

He says the house has electrical problems and the furnace doesn't work.

The roof, sagging floor, and electrical improvements i cannot do.Thanks guys

As with most who catch the bug, my mind seems to be completely consumed with thoughts dealing with this common bond that brings us all together.I was thinking earlier about my first experiences with REI meetups.

Part of the agreement was that the seller will pay for $4k of electrical work, which they have.

A good example is a 2 family with structural, electrical and plumbing issues on a home that is 100 years old and needs lots of work but the seller was hoping to get 190,000 and currently includes heat, hot water and electric and is only getting 1100 for the side that is rented.