Turning 2 duplex houses in to two single family homes

[Andreas Thuresson]

Hello friends 

I need some expertise help regarding a property situation. 
I found a 4 plex but it’s 2 houses with 2 duplexes in each. And the houses needs a total gut rehab. What are your thoughts on turning them in to two single family houses and live in one and rent the other one so we live for free?  
The location is in Naples Florida and the rents for 2 bed 1 bath is roughly $1200 and $3600 for 4 bed 2 bath.