Buying and flipping apartments

[Account Closed]

When buying an apartment complex that has been run down with unsavory tenants, what should be the process to turn the place around? There is 2 apartments with a total of 111 units. I will be renovating the apartments and getting new property management. It's not in the greatest location, but it's not in the worst either. It needs the single pane windows replaced, new outside paint job, updated sign, and each unit will be renovated (paint, flooring, hard wear, some toilets, tubs, sinks, cabinets, plumbing, HVAC, and wiring) in which I will be doing myself. It will be bought with a bank loan so I wouldn't be able to just get rid of all the current tenants because I will need to pay the bills. With that being said, how can I attract better tenants while renovation is going on and what would be the best way to go about the rehab operation?