I remember doing something like that while studying finance in college. 

I've gotten the vibe though that people tend to renovate rental homes with cheaper materials than flips for the most part and I've already gotten started with a pretty big (but reasonable) flip in mind. 

While I might not be the most hands on investor, I am still able to invest and study the real estate market in my free time.

To go into this much detail you need to have a cost segregation study done on the property.

This stops the issue from escalating and now that I've done what I said I'd do it's a good relationship.The procedure for the City seems to be:A Violation letter with a specific time to resolve (24 hrs, 72 hrs, etc)A second letter which is a $75 Fine, Notice of Liability TMC 1726A third letter which is a $250 FineA court summons forcing you to hire a lawyer, attend court at least twice, resolve the issue and then pay court fees and fines.I presume if you don't attend the summons then they put a warrant out and place the fines and fees against your property meaning it will be seized if not resolved.At the City's discretion they will themselves resolve a situation they deem urgent...you will receive a large bill in the mail for their time and efforts, something like $300 an hour for four hours time plus materials and disposal.I have properties in a self directed IRA, which means the owner on file is the administrating firm...there is a two week delay between a notice being issued (yes a 72 hour notice) and my getting it.

Read posts, listen to podcasts, study many, many programs not just one type.

Then I'd take a look at comps as far as what type of finish and materials they put in the home that your home will have to compare against.

I studied engineering, so I see things from a nuts/bolts standpoint and from a cost-efficiency stand-point.

Study your states landlord tenant laws If you file the judge would probably issue a writ saying she has to be out in xxx days, the money owed for back rent and fees are on that paperwork, the cause for eviction action is past due rent, failure on her part to pay, so that's why you want her to leave... you'd still have to take her to court in small claims to collect.. the filing is so you regain the right to your property and is forced to vacate. 

I am barley scratching the surface starting to study this stuff currently still out of work I relocated to Fort Wayne, IN.