I’m guessing it’s digging up and replacing the sewer pipe.  

@Noah Farley I'm not aware of any, but I keep the investor mindset and in most instances and try to exhaust all of the free options for everything first, it might lead you to a better outcome.

We were looking at it more for the flexibility of looking at a lot of properties frequently, MLS access and being able to continuously put in offers without exhausting an agent who has other clients to focus on as well.  

What if you get this property, only have, at most, $2,000 set aside for any expenses and then there is a massive pipe burst issue and you have to do some major repairs?

Definitely exhaust all the areas near you first though even though I know your area is super expensive maybe you'll get lucky and find a good deal. 

Sorry this is months late however I'm jumping back on track now after months of learning ,working to pay my bills & exhausted burnt out Life Challenges! 

It's made out of wire inside a small diameter pvc pipe inside a larger diameter pvc pipe.

I do not know if it will add value, it may if it is uncommon for houses in the area to be insulated. and for $250, well worth doing, it may even help prevent any pipes from freezing in the future. as far as the electric, i do not find that price too bad, the basement will be easy for them to take care of, the 1st floor, they will have to open up the switch and outlets, tie the new wire to the knob and tube and pull the new wire up using that knob and tube wire and re install the switches and outlets, there is some labor involved and is easier with 2 workers. the lights are going to be the hardest for them to do and they may have to open some walls, i would check with the electrician on that and see if you are going to have the added cost of repair and re painting. a lot of times insurance companies will not cover you if there is knob and tube in the house and it was never disclosed to them, so it would be worth it to you for the insurance protection to have it done. over all though, it seems like a good price.

Will need to verify that number and report back.Current budget:Contractor 24,285 Plumbing     2,700 re-pipe and new bathroomA/C  - still need a quote.

I just discovered there is a problem with the sewage pipe to the street.