I really like the idea of owning this property because it is in a nice location, I can collaborate with my Dad's beach house in case any renter needed additional rooms or wants to rent out 2 houses next to each other (my Dad said he would rent his place out too) , decent sized lawn on the property, and the house needs to be fixed up on the interior (wood paneling/new dry wall, old carpets, out dated furniture, and older appliances).

I have two light poles, sprinkler control panel and entryway lights that are not working.

Replace 3 breakers in main panel," with a $20.25 discount applied.

What is the general consensus on adding solar panels?

My hang up here is not that I'm scared by mild inspection results, but the results are major: corroded and damaged pipes and stacks, a 150 amp panel that needs replaced, knob and tube wiring on 2nd floor, uncapped gas lines, improper supports for joists, water damage between attached garage and house, etc etc etc.  

One of the panel was experienced in short sales.

You may want to wait a few years before considering it, last time I read an article about it they were mentioning new technologies and manufacturing methods that will greatly reduce the cost of the panels.

I'm unhappy about that, because I don't want people freaking because the inspector says the house needs an upgraded electric panel.

There is a map where you check the housing burden for your specific area and also a panel discussion.http://www.jchs.harvard.edu/research/state_nations_housing

Turn off the power at the panel and open up the outlet.