Ceilings for cracks/leaks, foundation for obvious bowing or cracks, the systems (HVAC, H2O heater, electrical box) and go from there.

Super Rough numbers: 9k kitchen2k bath5k exterior3k electrical8k bedrooms/hallsBiggest costs were: paint, all new flooring (except garage conversion), gutted kitchen, new electric box.

I am also wondering about the electric and gas numbers.

Hey Memphis, think about that.2017 "claimed" financials:Total Income 376,572Total Expenses: 227,348Net Income: 249,223Estimating a potential DSCR of 1.75 as-is.The top expenses are management, taxes, and Utilities (gas, electric, water, sewer etc.) 

I hear people all the time say they can do rehabs for 60K and I walk in to see their work or what they accomplished and they half way demoed the job and didn't even replace all the plumbing or electrical.

various repairs have different returns some like a kitchen remodel get a lot of bang for their buck, others need to be done but don't add a ton of value like upgraded electrical.

My step mom is a massage therapist and she wants to open her own business. 

Also, if you know of any bodies of works (books etc...) that would education one on building regulation that home inspectors place violations on such as electrical, construction, etc..., I would love to get my knowledge enhanced on that as well.

It is mostly materials and I won't need to use a GC as the electric and plumbing are all basically new.

It is still in exclusive period so you would have to live there for a year.Looks like it needs a new kitchen, plumbing failed and missing electrical components.