Tenant left big mess with big repairs to fix

[David Yuhaz]

Hello,

Just received a repair quote for my management company 4k and the house looked liked they never cleaned or maintained for the 4 years they were there.  My wife and I agree that it is going to cost a lot more to put the place back in shape.  Ideal we are pondering is selling it and putting the money toward a 10 unit apartment complex after we take it back and rehab it ourselves.  The work we are planning on doing is whole new kitchen and siding are the big ticket items along with all the necessary repairs needed paint, new storm doors, landscaping, light fixtures, switch and outlet covers, minor electrical work, etc. 

The house is valued at $109,000

work estimated to be 10k-15k

Looking for ideas, suggestions to get in the right mindset.

Thanks

David