There was new electrical and plumbing, but it was bare wire and pipe, so I basically had to complete all finish work but only after figuring out what exactly was completed and how it was all laid out.

I have everything on 1 page but in different sections (plumbing, electrical, tile, etc).

Since it notes new roof - electrical - cabinets etc you may have lower maintenance and capex costs but then you are risking it being cash positive.

As for the repair cost I always keep a home warrant on each property which covers the fans, dishwasher, garbage disposals and every other appliance in the property as well as other repairs (plumbing, some electrical, etc).

I would pay roughly $390/mo. for water and $279 for gas. tenant pays electric and I would pay $80/mo. for trash as well.

Usually you're talking $20-50k  for a renovation of a place that has decent plumbing and electrical already.

During the day, I am the lead Power & Controls Electrical Engineer at a Fortune 500 coffee manufacturing plant.  

So a tenant only pays electric, and their hot water and heat is included in the rent.

Borrowers see the decrease in purchasing power.

While you are examining heating, plumbing, electrical, smoke/CO detectors, weatherization, locks/doors/windows/screens, appliance function, etc, keep an eye out for lease violations and how well they take care of the unit.