I have run into individuals like this in the past myself, and although it is painful for those who they press their ways upon it's best just to get out of that situation as quickly as possible.Good Luck!

I would need to know more specs on the house but with material shortages It's difficult to say how much to budget. 80K-120K for full gut perhaps but unsure with lumber beings so expensive and shortages.I would plan 9 months of vacancy between the pain you will endure pulling permits & having your contractors show up everyday to complete the work & then final inspections to get a CO. 

@Ed HoffmanYou can do it by registering the NY LLC in PA. In

The level of pain you experience evicting someone really depends on the state you live in.

Great idea, although conventional and FHA renovation loans are somewhat of a pain to qualify for.

@Shelan Davis, I am going through similar pain.

Depending on your area, it can be a pain to set up multiple LLCs and keep them running.

If it is a primary residence it gets resolved fast, however when is an investment property it is a real pain to get them out. 

So I wont say not to buy cause I have and it has paid well but getting anything appraised is PAINFUL.

It took a year of painful lessons (the first of which is that NOBODY will care about your business as much as you do (Evolve), and that - in my case at least- self managing makes more sense -even remotely- than allowing someone else who has different motivations to take the reigns.