If an eviction happens, you might not have as much wear and tear as a larger house with a large family. 

So if you do remodel it and it does leak, then you have tear all the work you did.

Or tear down and build ok too?

Not a place to try to tear down people.

other than for rental purposes we are cutting way back on flipping for retail.we are concentrating on ground up.. less competition more certainty in cost to build.I am done tearing into a 100 year old house only to discover bad things.

They place a turd that doesnt pay, smokes and tears up your place, it's your problem.Either way, ask how much the applicant smokes and how many animals they have early on.  

Sadly guests will tear through sheets and towels so make sure to have a stack of both for replacement.

@Skyler HarrisFoundation issues can range from the standard movement over time to   The property is a tear down.

--------------------------Current State:We have a month-to-month renter who has been there for many years so the property has wear and tear.

I have a property in South Dakota that I'm looking to purchase.This deal would be purchasing an existing sfr on a double lot, tearing it down and building an 8-plex with 8 garages.Purchase price =35kContact estimated =$575 for tearing down and construction.Leaving some leeway for error I was estimating $635k all in for construction of the property.For the rental portion I am seeing 5-1br/1ba units renting at $7003-2br/1ba units renting at $10009 garages renting at $50 eachCoin op washer and dryer $90 Total monthly income $7,040Expenses Taxes =$12,500Insurance=$2,000 (my estimation have not gotten a quote)Property management= 10%Vacancy =10%I'm not sure if I missed anything but it looked like a good deal in my head.