The current electrician wants to keep it at 400 amps max because if it goes above then we have to higher an engineer or something like that.  

The reserves necessary will be on an engineering study that your condo will conduct. 

The seller accepts the offer of 30k, and I order a home inspection that costs say $400 and a structural engineering inspection for $400 (I know that this property has an issue with the foundation).3.

Last year I went to the local civil engineering company and inquired about it, apparently there were several neighbors who successfully got out, one of them was 2' lower than me. 

I currently work as an Automation Engineer.

Before my husbands death I owned a computer consulting  business that sold and supported Computer Aided Design Systems for Architects and engineers.   

No one depends on my income besides myself and I am fortunate enough to be compensated very competitively as a Software Engineer.

Also, since so many folks are wanting to rent these units (and yes we're very careful about who we rent to), I've spoken to an engineer about building more units on the property and there appears to be entitlement possibilities.Any ideas Biggerpockets community?

Currently working as an engineer in a stable job.

I own an engineering company and I’m new to real estate.