The original wires are connected to the new breaker box.The home inspector should have at least the "plug with three neon lights" tester (which tells you if you have a ground at an outlet or not) and the "fat pen with the end that lights up" tester (which tells you if a wire is live or not, without touching it). 

Most people these days waste all their income on cars , booze ,trinkets and eating out !

Your not buying a debt from "Fat Tony" Salerno. 

@Angela Hill I personally would try to avoid high special assessments on property taxes, they will eat profit for breakfast.  

If you had asked me this question about an Ohio property, I would probably tell you to eat the cost of the $400 because you'll have a very difficult time proving that the tenant caused the damage without the ongoing help of the current owners and the current owners are unlikely to be helpful once this transaction closes. 

Eating into your cashflow. 

If you do decide to purchase something I have bought gift cards to grocery stores...Everyone has to eat. 

The HOA is run by some savvy investors who see the value in keeping costs down; the chefs have to eat their own cooking. 

Maybe the area has a lot of new places to eat out, you can target people who frequently express interest in food.

I have been reluctant to buy condos because of the associated HOA monthly payments that could cost more than $250+ monthly, which can eat up the net profit and hurt the bottom line.