Clean 1970s wood paneling does not mean “updated”.Seems like a lot of people are very proud of their ugly house, too.

This overload has also left the panel extremely damaged. 

Then you have to factor in that the cost of building is sky high and likely going up due to inflation and government regulations (such as requiring solar panels or rain barrels in California).We can't freak out about the future because we don't have control over it.

.- Electrical Service: Since you are adding a new unit, you will need to priovide for a new electrical panel dedicated to that unit.

That's a problem because a.) it misleads people on how safe the outlet is for plugging in 3 prong devices (3 prong devices are better grounded which can save the device in the case of a short but they have to have a third wire in the wall for ground) and b.) by adding extra outlets to an existing 2 prong that has been inappropriately changed to a 3 prong, the outlet can overheat and cause a fire.We'd need to know more, is it knob & tube, is it aluminum, is the panel 60amp, 100amp, 200amp, are there other panels, what condition is the sheathing around the wire to know where to go from here.

You can power them via solar panels, they have alarms you can trigger and you can also speak/hear through them. 

If you add square footage, increase bed/bath counts, or do a panel upgrade, 100% get a permit.

I have had other agents try to tell me the number of investors buying property is actually increasing in Maricopa County..I went to an AZREIA meeting and the panel was 4 wholesalers in Phoenix.

If you don’t have a laptop/portable printer be sure to bring several blank copies of your contract/authorization form.After you knock on the door and introduce yourself, let the seller know you’d like to inspect the outside of the property (don’t record a video or take pictures at this point).Next, go inside and inspect the interior of the home and all mechanicals (HVAC, H20 heater, service panel and basement/foundation).At this point you should have enough information to estimate the rehab costs of the home and make the seller an offer (if you don’t have enough information, or need to seek an expert opinion on a particular repair, go the end of this outline).NEGOTIATING WITH THE SELLER:There are two key parts of the contract that a distressed seller will care about:The purchase priceClosing dateHowever, what the seller will REALLY want to know is how much cash they will end up with after closing.Of course, this can’t really be determined until you know exactly how much the seller owes on the outstanding mortgage/s and any other liens/judgments.

Now for the dilemma:I really like my house I purchased and put a lot of money into the house not cosmetically but upgrades that I wanted like solar panels, 2 Tesla Powerwalls and a BRAND new super efficient heat pump and 99% efficient furnace.