This seems like a huge road block and since I plan to self manage, this could be a deal breaker.

Outside each apartment were unsecured breaker boxes, with open access to flip the breakers.      

Employment length/history is important but not a deal breaker depending on the situation. 

---Year Built: 1794Location: Chesapeake, VADowntown Norfolk: 10 mins Virginia Beach Oceanfront: 30 Mins Airbnb Potential: Likely no due to zoningExisting Tenants: Yes, fully occupiedReal Estate Investing Strategy: HousehackUnit 1: 3/2 | 1200sqft | currently renting at $550Unit 2: 1/1 | 800sqft | currently renting at $550Unit 3: 1/1 | 700sqft | currently renting at $550Unit 4: 1/1 | 680sqft | currently renting at $450Asking Price: $242,500.00Negotiated Price: $230,375.00Seller Credits: 3.7% toward closingInsurance: $1,711Taxes: $1,768Approved Loan: FHA203k @ 3.375%Rehab Estimate: $190,000 with 10% Contingency (based on the contractor I am working with)Total Loan: $436,500.00 (or $421,950.00 if I don't dip into renovation contingency)Closing Date 12/21/20Inspection: PassedAppraisal: Scheduling (if the home comes in lower than we anticipated then going to renegotiate offer price or walk away)Contractor: FHA approved Contractor HiredDeal Analysis: BP Calculator LinkRenovation Plan- Roof replaced in 2019 so all good there- Crawlspace great condition- Electrical updated to 100amp circuit breakers - HVAC on Units 2 thru 4 needs to be replaced- Replacing flooring with LVP- Repainting the Interior - Convert Units 2 thru 4 into 2 Bedroom- Redoing Bathrooms and Kitchens since in bad shape- Rehabbing yard and parking area- Some other repairs to make the home competitiveTalked with 2 Property Managers and ran some compsDesired Rents: $5,000/month.

Delayed Financing has other deal breakers, but they don't apply in most cases.

More work, but if the numbers pencil out as good as you say, then NO this is not a deal breaker...... start the evictions as soon as you have legal possession of the house.My bigger concern would be the lack of inspections..... how confident are you in the REAL condition of the property?

That sometimes can be a sea breaker

As much I want to make this deal, I am a little skeptical because using the wholesaler title company will leave me with no one to look out for my interests, therefore I wonder should I even consider to do the deal or let him know that not using my title company will be a deal breaker

I always check the panel & look for corrosion, defective breakers, outdated defective panel models & ungrounded circuits evident within the panel wiring.If the old meter is a 60 amp you're in for upgrading the service wire, weatherhead etc Then some major upgrading within, especially installing code compliant dedicated circuits.

deal breaker?