If you don't know how much a new electrical panel is, same thing. 

They look at the mechanical systems, electrical panels, age of certain machinery, they often check for mold and mildew, whether there are GFIs where required for safety... a contractor will just tell you how much it will cost to do the mostly cosmetic work, like nee cabinets and counters, etc, but they don't look for the same things... drafty doors, unsafe windows, smoke detectors, those things.

Might as well remove the remaining wall and make it-up with some small glass paneling.  

You may want to attend tomorrow night's RIREIG meeting as there will be a panel of several people discussing the topic.With seller financing you may be able to put much less down on the property, depending on the seller's needs of course (which is the most important part of seller financing and arguably all real estate - understanding the seller's needs, and it's not always about money!).

It is a1960s house in good shape and livable but cosmetically very outdated with wood paneling, green tile in the bathrooms and old tile and laminate in the kitchen.

I just spent like $800 repairing the control panel on my oven (a 14 year old JennAir oven that retails at over $2000). 

Topic is  Wholesaling Your Real Estate Deals Panel.  

Currently not livable because HVAC and plumbing are not in working order. 59,900 List Price90,000 Realtor Provided ARV37,500 our cash offer (no lending because it's not liveable)40-45k - Repair estimate (roof+double layer removal, foundation and sump pump, asbestos siding removal/replacement, HVAC replacement including about 40% of ductwork, electrical panel replacement, plumbing updated from cast iron, complete kitchen and bath, chimney removal, 1100 sq ft flooring, all interior doors and hardware, single garage door, windows and 5 exterior doors, yard drainage issues and tree removal, drywall repair and other finishes, possible mold remediation)$345 Expenses (excluding mortgage) $950 Monthly Rent 

$5,000-$5500 is what I pay IF the electrical panel can handle it.

I also discovered the old HW tank was running off a 30amp double pole at the panel with a 20amp double pole shutoff buried in the HW tank closet behind the tank???.