Maybe this will be helpful to another newbie :) Tools to have – Tape Measure, flashlight, electrical outlet tester.Things to look for during initial visit -Look under all sinks for leaks.- Look in every corner (ceilings and floors) for any sign of water damage or cracking- Pull out floor vents if you want to see what kind of floors are under the carpets.- Look in the crawl space and attic if you can (always have a pocket flashlight on you)- Roof-Chimney- Gutters/Soffits/Downs- Paint/Siding- Electric Service Drop (older homes with above ground wires)- Electrical Breaker Box- Exterior Doors/Jams- Porch/Deck- Termite Danger (ground is near wood)- Land Grading (for water runoff)- Cement/Asphalt-Retaining Walls-Garage (Door and function)- Landscaping-Trash Cleanup- Windows-Interior Doors-Strip Wallpaper-Drywall-Patch & Paint- Flooring (carpet, vinyl, hardwood, tile)- Ceiling Repairs-Water Damage-Trash Removal- Kitchen- Kitchen Appliances- Baths- Water Heater- Water Service Line- Water Plumbing-Waste Plumbing-Check water pressure -Electrical- Joists- FoundationTips - Check the property at different times of the dayThe street may be peaceful and quiet in the morning but in the evening, it may overflow with traffic.

We and the investors we lend to also usually build in a "Contingency Reserve" of 5% to 10% of the construction budget for "unexpected".

Also, make sure that you have a solid cash reserve for furnishings, seasonality, and unexpected maintenance.

Perhaps I have not found the right outlets for such information. 

I'm using it to cover unexpected issues and expenses.

Behind the stove, there is the gas line, a 110v, and a 220v outlet.

GFCI outlets where needed, tempered glass where needed, smoke detectors, etc. 

I see it as continually learning as I'm problem-solving for clients, as unexpected issues pop up frequently no matter how diligent you are.  

If you do not have the time, patience, knowledge or inclination to get your hands dirty in real estate, but still want real estate returns, buy a publicly traded REIT and avoid unexpected repair bills, non-paying tenants, slow-paying tenants, evictions, and insane drama from time to time.  

The electrician installed several outlets and switches with reversed polarities and used an incorrect gauge wire in the breaker box.