Once the offer is accepted, if no known issues with the water or electric exist you will be allowed to do an inspection but you incur all the costsThe Earnest Money is $500 for properties under 50k and $1000 for properties above 50k.

However, it needed everything including a new HVAC, roof, foundation, windows, siding, electrical panel, floors, remodeled kitchen and bathrooms.

Nothing is conventional so water piping, fixtures, and electrical doesn't match code for stick built.

The apartments needing rehab are approx: 1) 2/1 650 sqft2) 1/1 450 sqftAlso - Outside of an electrical inspection, do I open myself up to anything else as far as inspections are concerned by pulling electrical permits etc?

I know the repairs and capex are low as well, but with a new roof, plumbing, and electrical upgrades, the major stuff is taken care of.

Also take a look at utility costs - if you can separate them out and have tenants pay their own, it's helpful, because they treat the heat and electric use very differently if they are on the hook.  

Even though you may only plan to renovate three rooms, the existing conditions like electrical service, hvac etc may not be up to code.

Already Metered both electricity and water.

Hello,New owner of a 4plex with 60amp electric service.

Or does it include , new Roof, Plumbing, Electrical system upgrade, and central HVAC?