@Isaac Plumb

I would love to get something that has already had the plumbing and electric updated and foundation stabilized.  

.• Plumbing facilities in good working order, including hot and cold running water, connected to a sewage disposal system.• Gas facilities in good working order.• Heating facilities in good working order. • An electric system, including lighting, wiring, and equipment, in good working order.• Clean and sanitary buildings, grounds, and appurtenances (for example, a garden or a detached garage), free from debris, filth, rubbish, garbage, rodents, and vermin.• Adequate trash receptacles in good repair.• Floors, stairways, and railings in good repair.In addition to these requirements, each rental unit must have all of the following:• A working toilet, wash basin, and bathtub or shower.

A landlord is entitled to change or modify any lease when renewing provided it does not violate state landlord tenant regulations.

I am particularly unfamiliar with local regulations, so this would be a good place to start.Thanks in advance for any comments!

Hey BP,Any good foundation, plumbing, or roofing referrals for the area?

@Laura Renner  I am not a commercial expert having only sold a few 5 to 6 million dollar buildings as a broker.. and I have personally never seen it.what I have seen is1. not a lot of help from listing agent as they want to double end it .. if they can2. proof up both cash and financing before they will even entertain a offer.3. you can walk around the property but until you have lifted your contingencies and the only one left is inspections.. you can have a quick run through which is generally outside inspections and basic plumbing in select units.. this is not full blown home style inspections.. can't bother the tenants that much.sounds like your buyer is experienced in C and D... if they are not they are going to lose there butts  LOL.. those are the toughest properties to make work in the US.

Everything needs to be done from roof to plumbing the whole nine yard.

I think you need to plan on carrying some pricing for plumbing, electrical and even HVAC.

Will pick up HOA rules and regulations tonight from agent.