@Jason SchimerMiami, FLis an extremely challenging market to invest in, and knowing all about the different neighbrhoods, dynamic market trends, emerging areas and prices down to the sq/ft for every zip code will make you succeed in Miami.I just did a 100% cash on cash ROI in Miami, FL in 92 days for a duplex in Little River area of Miami.

I would ask the electrician to verify that the rest of the house is up to code, as replacing the panel may open you up to having to do other stuff as well -- like GFCI in the kitchen/bathrooms, etc. 

These sites may help you identify where you yourself want to be, since everyone has different wants/needs/goals. http://www.city-data.com/city/Philadelphia-Pennsylvania.html (The site breaks its info down by zip code)http://data.inquirer.com/crime/Hope this helps! 

Such as code enforcement, probate, tax delinquent, etc.

All items from IRR, to plans, to any utility upgraded you will be responsible for to meet the CURRENT "CODE" for all trades , dirty work aside from demo, drainage is ALWAYS a major concern and will require engendering, will you have to install and or improve of site land or hardscape, disability access requirements, and a number of other factors.....

Hi Dustin, I invest in zip codes nearby but live inside 610 loop and work 50-60 hrs/wk like you.

Code enforcement?

Make sure everything is safe and up to code (electrical, smoke and carbon dioxide detectors, etc.).

What is an IRC code?

Not the best of areas, but the home seems to sit in a decent part of that particular zip code.