Property's on city electric and water but has in ground septic. 

This was one of our best investments as it hits the 1% rule, which is difficult to do in our area.

The original loan docs are still applicable, but removing PMI is a little more nuanced than "automatically falls off once you hit 20% equity!"

Sewer, water and electric are at the street.

I‘ve hIt a road block.

That usually means a full electrical upgrade at about $8K +/-.Cedar post supports. 

The realtor who showed me the place said it was because the home's been winterized and electric is off, therefore the sump pump has been off. 

So if the value of that property raises 100k in 12 years, then me renting it out for $1500 is going to be a huge hit on my because my purchase price was 100k higher than the owners.So my question more or less was how to consider that when acquiring properties that may have existing tenants locked in at a rate or factoring that in with what the MLS has the unit rent price listed for to account for the price at which I will purchase it for. 

Hits me up if you have a deal! 

The repairs consisted of some dry rot on the chimney sidings and to have the electrical panel looked at by a license electrician to determine whether it's safe since the inspection report found "charred wires".