One of the splits was a much larger unit (I believe 36000 BTU) that required a panel swap) to accommodate a 4BR/2 Ba SFH.  

Thinking this would be a near worse case scenarioRehab PlanThinking I could possibly do interior upgrades, modernize the office into something appealing, (could be as simple as removing the paneling and exposing the brick, redividing the offices, updating the baths etc) and then rent out individual office spaces and charge $400-600 a mo for each office space - They'd be gross leases and I'd take care of all utilities, janitorial etc -- would not provide any onsight receptionist, fax machines etc -- each person would provide their own office equip -- I could potentially provide office furniture if needed, plenty of good used stuff to be found locallyThinking at a min 7-8 office suites, possibly more -- Per agent and my knowledge of community/research online I dont think a setup exists like this to attract possibly an IT person, a 1 man/woman business such as an accountant etc.  

The carpet would need replaced, some wall paneling replaced with sheetrock, and one of the bathrooms needs redone...it is actually already stripped down and was in the process of being fixed by the owner.

Does each unit have its own breaker panel at least?

She is having her electrician give her a quote on upgrading the panel and a roofer inspect the roof to see if it has 5 years remaining. 

Look at the quality and condition of all major systems: HVAC, hot water heaters, kitchen appliances, visible plumbing pipes, electrical panels, roof (type and condition), foundation, etc.

Join us for a drink and hear from our panel of both experienced and newer investors!

If you have an electrician doing a new panel and rough-in, my contract will note he gets paid when it is inspected he gets X dollars.

@Felicia Kurniawati In my limited experience with rehabbing older condos, I have found that in older buildings, the units have fabric-insulated wires and fuse sub-panels.

This house LITERALLY needs nothing EXCEPT (lol) the hallways reconfig'ed as right now the 3rd bdrm is only accessible thru one of the original bdrms (and wood paneling replaced in added-on 3rd bdrm because, let's be honest, it's some hideous stuff).