In my opinion, it is likely you would have still paid for this electrical work down the road and if it was when a tenant was in that can cause other problems with them.  

The water seeped down and caused some ceiling damage to the unit below mine. 

I remember reading about a horror story where an investor purchased a vacant property where the pipes ran dry and they basically exploded when tenants moved in, causing a major headache.

The tenant didn't cause the issue by an intentional or negligent act.

We have never done one of these and i dont want to muck it up..Normally we do use our attorney and work with him to cover the leg work so costs are a bit lower... however hes moved on (away from SC)  And the replacement attorney is a little less attentive ( prob cause we have not closed 30 deals with him ..lol)  He is also not interested in helping out the buyer...

There has to be a cause.

The pricing of these loans used to be 1-2% higher than a Fannie Mae loan, however the regulators for Fannie and Freddie put additional restrictions on Non-Owner occupied loans which caused the rates to increase, so there is close to no difference in the rates as of right now.

I do plan on upgrading the amps even though its not required cause the house is 1940s and was grandfathered.

This could probably be lower if all items are in near new condition, but I have had $6k in gas line repairs for gas that couldn't be smelled, but the utility transfer caused a pressure test that found multiple leaks throughout the system.  

Sold in 2014 cause I was going to relocate and knew nothing about real estate investing…fast forward to today, that same home would rent for $2,200 a month easy and is worth close to $550k.