Someone other than her would rent $1650+ pre-renovation and after repairs monthly rental yield would be $2100+, 3.

I faced challenges with unexpected repairs during renovations, but having a contingency budget helped mitigate these issues.

(Some of us have more than one...)So here you are.Your first step should be to get the facts and then reassess your options.You'll need realistic and accurate estimates of your ARV, your remaining repair expense, market rent, and total projected holding costs.If you run your numbers and you can still make this work as a rental, then great!

Are these worth repairing?

I make all necessary repairs as soon as possible, too.

Also, be cautious of overestimating rental income or underestimating repair costs.

Usually as long as their are no life threatening issues (no HVAC, windows won't open, no hot water), the housing authority will began to pay the rent and give you time to address the required repairs.

Once you factor that in, your small loss is actually a bigger loss once you need to do any repairs or upkeep. 

YOU decided that it was in YOUR best interest to do a remodeling at this time rather than just repair the access areas.

These are my options:a) Expensive contractor - wants $8,500 to demo and cap the two stacks plus some other brick repairs/repointing.