Yes Federal Pacific Electric panels have had problems, but there is nothing by law that says they have to be replaced, i would to be safe. they were put in when the building was built and had nothing to do with the current owner. the furnace is the same way and you would be adding value to the property by replacing both. however i do feel that a compromise should be figured, he wants to sell, he should meet you at least  half way on the costs. i bought a SFH that i knew going into it i was going to convert from oil to gas right away ( but it wasn't done fast enough, pipes froze in house and damaged walls and floors i just finished the week before - but that's another story) i did use that as a bargaining chip to get a lower price, but i didn't go crazy because i knew it would benefit me and didn't want to loose the deal at the time. if this is going to benefit you a lot, then just try and get what you can.

In one year, you'd be adding $100k+ to your net worth!

Huge lot that we will be adding an ADU at some point in the future.

And say that she needs to pay for a credit and background check and be added to the lease or she needs to move out if the tenants on the lease want to stay. 

Post the name of the “vendor” so they can be added to the title insurer red flag email blast. 

Next would be adding a bath and/or laundry.

I am running a VRBO not an Air Bead and Breakfast.

You will also have holding costs while you renovate of approx 3 or 4 months so that has to be added to the cost.So run the renovation costs and the rents here on BP and see if it makes sense .

Windows are fine, some spots need drywall patches, we will do the painting ourselves).At the auction, they require a “Buyer’s Premium equal to 5% of the Winning Bid Amount or $2,500 (whichever is greater) will be added to all Winning Bid Amounts to determine the Total Purchase Price.”, “an Earnest Money Deposit of 5% of the total purchase price or $2,500 (whichever is greater) is required of the winner”, title fees, which typically cost between $500 and $1500 and are based on the purchase price, and escrow fees typically ranging between $850 to $1,375, paid in accordance with the applicable purchase sale agreement.What concerned me about the listing are 2 things:Buyer will receive a Special Warranty Deed or equivalent.AndProperty is being offered as is, where is.I am 100% new to fix and flips, and auctions.

It's unlikely the PM knew.Once the PM does know, he should act by notifying the tenant it is a violation of the lease and require the additional adult to apply and be added to the lease.