I'm looking at a rental property that has a garage conversion that has left the electrical panel in the newly created bedroom.  

Better question is - why are you paying electric?!?!

Some things I've thought up so far:county zoningcounty building permit processeasementswater table (there's no water/sewer/electric)But really, short of talking to the listing agent who I imagine is primarily motivated by sealing the deal, I'm not sure what sort of due diligence I should engage in.

If you know how to do the work, you might be able to save yourself half price on roofs, plumbing, electrical, etc... with owner-builder permits.

For the electrical we had to call PG&E to come out an unlock the breaker box so we could change a main breaker just to run our inspection on the houses electricity.

. @ 1095Here are my numbers: Purchase price: 117,000Down payment: 31,036Insurance :500Repairs:6631Inspection: 250Carrying cost:Gas/electric: 679.87Water:57.19Garbage: 216.23Mortgage payments(-710 @ 2 months and 900 @ 3.5 months): 2170Total cash in: 41,541. 

I primarily do Electrical work but i have experience in many things.

I didn’t account for the significant demolition, new electrical, reframing a room to bring the laundry inside from the outside mold fort it was in (nobody likes to go outside to do their laundry, especially in Florida, except maybe Caroline from Little House on the Prarie), a total re-plumb, roof repair, all new flooring, new appliances, new windows, new HVAC (outside unit & air handler), sheetrock, and fixtures.

You'll probably need to upgrade the electrical, might have asbestos, perhaps lead paint, etc.Most towns in CT are on the Vision Appraisal website, where you can get the field card online.

But we lived there for free - rents covered our mortgage, taxes and insurance as well as water/sewer/garbage and the common area electricity.