Sure you can get away with it , until a home inspector looks at the dates on electric wire , or pvc pipe . 

It was a huge investment, but it cut the electricity cost by the full 2K per/mo all summer.

They sell a 4 unit for close to 1 million dollars close to Jacksonville. they want 250k or 300k down. there's no upside. you can google the properties on biggerpockets and there isn't a lot of satisfaction. it's a slow return and get rich slow strategy. our focus is always as a builder to add maximum value, lower cost as low as possible, build and rent and build and sell the same product and raise prices to help investors out. we have a large market share and large purchasing power in our market in columbus ohio. the one strategy I never liked about turnkey new build brokerage companies like them and build2rent or others is they don't really build close to urban centers and most are single family homes. the numbers don't work on single family homes. if single family was the way to go more companies would be doing it. but by far the most common type of new construction built is three story walk up apartments.

Paying down the note quickly is a power move too—love that disciplined mindset!

But if you're trying to get an exclusive deal, the reality is that you probably have less bargaining power because if they want $296.10/sq ft they know they can put it on the MLS and see if they get any bites.

It is important to find something that was properly maintained, with modern plumbing, electrical and roofing. 

Quote from @Raul Velazquez: Hi powerful BiggerPockets members!

2) Electrical: Because we have no heat, we've been using two space heaters.

Roads, water, sewer, gas, electric, etc..I'm also here for any discussion on any other items that might be of note, trying to learn as much as possible on this front.

That leaves them with all the power to deny any loan you get, regardless of what it would cost you to repair it.