The ARV is a solid 185k-200k, and the woman said it needs plumbing work and electrical work.

The other guy does all the electrical/plumbing - he is an old timer and moves slow but where can you find plumbing/electrical at 15/hour.The numbers tell it all - my rehab numbers are down since I made this move. 

I had gotten bit by the real estate bug about a year ago and have been researching, reading books, listening to audio books and podcasts ever since; I guess you could say I have some analysis paralysis.

They disregarded an entirely new HVAC system, fire suppression throughout, as well as new plumbing and electrical throughout.7.

Just adding tax, electricity, and water together is already $43k in expenses.

@Richard LachanceFind a local investors group and ask for referrals - you can expect an 80/20 split of chaff from inspectors you will want to use.If your early post-war house has not received any major updating, you could be looking at any (or all) of the following:Electrical:ungrounded electrical wiring.  

And it probably didn't affect the electrical or the windows.The problem is most of these flooded houses received feet of water and everything has been stripped out down to the studs.

For instance, how do you know what the electric bill is going to look like?

The electric panels need upgrading and it is a huge cost since DWP is requiring that I put all the new meters (4+1 house panel) in one location, which requires a 40 ft trench to connect the two buildings.

I will need to check on electricity, etc.$50k is after the property is paid for.