It did have a new roof and furnace and the layout was nice and in a pretty good location. 

Roof looked like it needed to be replaced soon though.

House got a total overhaul of brand new paint, refinished flooring, completely gutted bathrooms, brand new roof, new electric panel, new granite, new appliances.

In this flip, we replaced the roof and electrical panel.

Roof was replaced a year prior to our purchase so no need to replace.

9.43.010 COMPATIBILITY IN RESIDENTIAL ZONESNo person shall construct any dwelling, accessory building, or structures, improvements, patio covers, roofs, balconies, decks, porches, terraces, exterior steps or stairways, walls, fences, antennas, spas, swimming pools, or make any additions to, or modify, any structure, or install a new roof on any structure, on any parcel in a residential zone in the City for which a building permit is required unless the resulting construction is found to be compatible with the neighborhood within which it is located.

NEW roof with 50-yr warranty and new seamless gutters.

NEW roof with 50-yr warranty and new seamless gutters.

You could have 8 water heaters or roofs go out in a short period of time. 

Expect to spend some time on things for at least the first six months or so.If you know people in different markets, even friends or family with only a passing interest in real estate, they can help be boots on the ground to keep an eye on the investment for you.