This may be to deliberately prevent discovery of other electrical issues or prevent fire/injury.You will need some form of hard money or construction financing to purchase the property as is, and you will need to get the property occupant-ready to pass an appraisal before permanent financing is on the table.

Versium has a higher purchase price.  

I've consistently written about the forces of nature and her current and future effects on the real estate market (even while often being ridiculed and politicized on this very site for it) regardless: I personally moved and invested in coastal Oregon in 2018 from Venice Beach Los Angeles partly as a result of the trajectory of climate and have assisted several clients that specifically purchased on the Oregon Coast for their own 'climate havens,' investment and future retirement homes. 

-Purchased a commercial property this year for ~$2m.  

Then you'll have to figure out how you fund the project (land purchase + build costs).

@Jordan Kaylor Using a HELOC to purchase a property and then refinancing into a conventional mortgage is technically considered a cash-out refinance.

Purchase price: $545,000 Cash invested: $545,000 What made you interested in investing in this type of deal?

Purchase price: $232,000 Cash invested: $18,000 My real estate investment journey began with a leap of faith when I purchased my first investment property—a charming but very needy fixer-upper in Connecticut.

(Not just cash at closing but sales price minus selling costs, minus purchase price, minus improvements.)

-Do you have a property manager that you turn the home over to after purchase and they take care of everything?