YES, they will be checking MLS when the comments say, "New Electrical, new plumbing, new hvac", etc. 

I would have the tenants pay for electricity, and  water & sewer.

@Laura LulohI have two thoughts.First I am assuming the dryer is electric and not gas.  

It might need electrical updating.

Offer accepted for $103k and I would be putting in around $5k for changing electric panel and some touch up.

Property is subject to market comps for value.Option #2 Pay $100,000 for 5 houses valued at $100,000 each ($20,000 down on each home and 5 new mortgages).Monthly rents: $4,000 (5 x $800)Monthly cash flow after PITI: $500 (50% rule says you’ll get $2,000 per month but I’m being conservative)Annual profit: $6,000Home values after first year $520,000 minus debtAdvantages Can deduct loan costs and mortgage interestHigher monthly incomeCan deduct depreciation on taxesIt you lose a tenant, you still have the income from the other 4 propertiesDisadvantages Five tenants to deal withFive mortgages, property and insurance payments to makeFive roofs, five buildings’ plumbing, electrical and structural issues to deal withIf located in different states, 5 different property mangers to deal withCannot force appreciation.

Most office leases but me are either full service(base rent plus $ per sq foot of electric) of modified gross (base rent plus utilities - if separately metered).

Can you put solar panels to lower the electricity cost?

While it’s easy for the tenant to get electric and gas switched over to themselves, many cities either won’t allow tenants to switch water/sewer, or worse - let them switch it and then hold the owner liable for any unpaid bills.

@Jordan Lucas my suggestion is go into the trades either plumbing or electrical and get your masters license.