Here's what I've learned:Inspections Are Non-Negotiable: Always get a full inspection, but don’t stop there.Plumbing & Sewer: Have the plumbing and sewer systems checked specifically, as these are common problem areas in older homes.Electrical System: If the inspector flags any electrical concerns, bring in an electrician during the inspection phase for a detailed evaluation.

I expect it to be moderate size rehab which to me means no significant plumbing or electrical and no walls being added or removed.  

Out of state is less capital intensive but will be more energy and time intensive to find contractors visit properties etc.

I am looking for insights from anyone who has recently upgraded their electric service in Chicago.

I’m an electrician and I’d only do electrical since I know I could do it fast enough to be worth it but other than that I’d get someone who could do it fast and high quality.

I have new plumbing and electric done in all of the units one year ago. 55k investment.

I wouldn't remove auto-pay on your utilities from your credit/debit card if you have them, don't want to miss your electric bill by accident but any daily/casual/somewhat necessary spending is cash.

They want new electric panel, this home has Zinsco and that is one of the thing that we are not eligible to be insured.

Electricity alone on a 2 bed is usually around $200-250.  

Make sure it has good electrical and good structural.