When a furnace goes out, and the entire plumbing is at risk of freezing and bursting, you want to know ASAP. 

The HVAC can use a revamp and still want to get some opinions on Electrical and Plumbing. 

Interior: replacement of lights, plumbing replaced with copper pipes, paint, hot water heater replacement, stairs/railings.  

Then worry about what the tenant potentially owes.I would definitely charge the tenants for the plumbing issue but it would depend on how your lease spells out these types of negligence or damage. 

They accidentally find mine out, I didn't rent the illegal unit out, used it for my offices, and they allowed me to make a minor conversion, taking out the kitchen and bathtub, rather than the more radical step of converting it back to an empty basement, removing all the plumbing, partition walls.One problem with legal conversions, in my case, duplexes are built to a different architectural standard.

Since we will be doing a lot of remodeling of walls, possibly electrical, plumbing, etc, I want to know if it's present in the walls, insulation, etc.

New electrical, new plumbing, windows, doors, floors, ceilings, kitchens, baths, etc.

Electrical and plumbing are two big ones to watch out for.

New electrical, new plumbing, windows, doors, floors, ceilings, kitchens, baths, etc.

I was hoping to do a BRRRR on a property but after getting repair estimates and looking at the comps in the area I am wondering if it makes more sense to go turnkey.Home details:SFH approx. 700 sqft. 2/1 bath (Hot area in my city where many investors are already flipping houses)Purchase price: $47,000Rehab estimate: $38,000 - $50,000  (House has been abandoned for some time, needs new everything, roof, plumbing, electrical, mold remediation, the list goes on)Total investment: $85,000 - $ 97,000 (I know this is a large range however its my first time and I haven't gotten back all of the estimates for work)Comps in the area approximately average $110,000 - $115,000 a few months ago but now in the midst of COVID-19 are selling for approximately $100,000.Seems like if there are flipped properties available for $100k I should take out a traditional mortgage and invest $25,000 down payment and save myself the headache of rehab and trying to refinance for about the same price, am I missing something or are my assumptions right?