We're listening to calls and reviewing your account to see where communication could have been improved, thank you for bringing it to our attention.

This particular building was brought to my attention from my realtor who has a relationship with an investor open to selling some of his properties. 

If you approach it cautiously and with good assistance your chance of financial gain should be high and the likelihood of losses should be very low.    

These "party houses" that were renting illegally on AirBnB drew lots of attention from the neighbors and have caused loads of problems.The fact that you mention this house can accommodate 12+ people implies that you are looking to fill that "12 person, higher nightly rate" space.

I agree with @Jeremy Taggart on simply selling and taking the tax free gains. 

After gaining experience in my own multifamily deals, becoming educated through multifamily syndication courses (thanks @Michael Blank), attending dozens of summits and meetings, listening to hundreds of multifamily podcasts, reading, networking, analyzing hundreds of deals, and making offers for the past two years, guess how many large deals I got under contract?

Unless it was found as a typical expense and included in the lease development stage , unfortunately, the owner would probably have to incur that expense upfront and slowly be paid back when new leases were made through higher rent and was able to be incurred as new language in the new lease and understood by the new tenant about who is responsible (at least partially) for that or any other possible capital expense.With regards to the problem stated about using the landlord's panel, you might gain some additional wattage is by possibly downsizing some of your breakers. 

I think your asking price need to be LOWER than others to get the attention of renters. 

Is there anything needing immediate attention upon purchase?

Is there anything needing immediate attention upon purchase?