The bottom is 880 sqft, and they have months that they pay $400 in electricity!  

On the other hand, if you are tearing out load-bearing walls, redoing the plumbing and electrical and adding a new porch, you would need a different coverage. 3.

I am sure the electrical needs upgrading and I will need to add a bathroom to make it comparable (3bd/1ba).

In working to get insurance, I found out the home was not insurable and I wouldn’t be able to complete the repairs in under 30 days to get it insured because it is currently tenant occupied until the end of the lease.I notified the wholesaler that there are some issues here and I would either need to buy it with cash (as intended) and leave it uninsured while hustling to do the roof, AC, and electric panel in under 30 days (a little tough to do with the permitting of a roof in Brevard county, FL right now).He said he’d check to see if any other buyers were interested and would “consider” refunding the assignment fee.

The heat/gas for the building is $1,500 a year and the electric is about $750 a year.

The downside, of course, is that the VA loan has a few more restrictions which can limit properties you can purchase which require more renovation for a lower price.Aside from the agent and lawyer, I would advise having a solid home inspector, CPA, contractors (general, painter, plumbing, electric etc.) on your team. 

In some properties I put electric baseboards from Lowes and I was perfectly content with the outcome.

Same 2 units on 1 electric meter, also want seperated. 

Lately he has hired out more and more things - roofing, electrical, plumbing, tiling.

The only reference I have is for my duplex and triplex properties in CO; sewage, water, garbage and share common area fees paid by me (about $200/mth; tenant pays gas and electric.