Soak it all in.  

I want to soak up as much knowledge as possible.

He wants to seed and straw himself to save money .

Because it was not addressed, it rotted through the plywood subfloor under the sink cabinet and soaked the ceiling drywall of the downstairs bedroom below eventually pulling down the whole ceiling and flooding the bedroom and molding the carpet.

I suggest you do research and soak up as much information as you can! 

. , I had a similar issue on a 100 years old house too.in my case i resolved by improving a badly designed/implemented gutter system (all the rain water was just dumping over the walls, soaking into them then getting into the basement) and diverting that water away from the house. 2xprimer + 2x good paint.maybe this is the case here.if you don't want the hassle of getting rid of the existing tenants, vacancy and finding other (hopefully) better suited tenants, maybe first you can just paint the place inside and outside and resolve any safety issues (rails). what did you repair to the place?

I have all entitlements, permits, plans and proformas all complete, but then the seed money evaporated at the last minute.

I am so excited to have stumbled across this site and I cannot wait to jump into the community and soak up all the information I can. 

I've been soaking up the podcasts for a couple months and wish I had found BP earlier.

We are interested in soaking in absolutely any knowledge that anyone has to pass on.