You can also continue to BRRRR and recycle the same capital over and over AND it's very tax-advantaged when you pull out money tax-free with cashout refis (got to have a smoking deal now OR let time do the work for you).  

If you find a smoking deal that qualifies for BRRRR before you've saved enough to take it down yourself, there are plenty of hard money / private lenders on BP that I'm sure would be eager to work with you and help you find the money to do the deal.

Told him to leave ill do it myself.)Bad sill plate on rear corner (contractor)Replace front porch postsBuild backporch stepsDemo barnInstalling concrete footers under home, laying block and shimming to your jacked levelSetting house back down on blocks and reattaching to foundationRemove floor and portions of subfloor in kitchen & back porch and replacement Window repairTemporary power pole (electrician)Electrical service upgrade, outlet replacement and GFCI Install (mix of Electrician and us)Label panels (electrician)All exposed wiring must be protected (basically just replaced all of it)Replace missing light fixtures (new fans throughout)Build wall in living room to convert to 3rdbedroomRe plumb house and pressure test plumbing (plumber)Install smoke detectors hardwired to meet code (electrician)Water Heater electrical line, and core discharge for water heater under house (plumber)Tear out Old ac unit under houseWindow screensWindow locksBackflow prevention valve (plumber)Fart fan ventilation for bathroomApproved Address Number DisplayedFlaking paint abatement interiorClothes Dryer exhaustPaint Untreated woodRemove all debris, Remove old tiresRemove chain link fenceTreat house for black antsPoly floorsMud and paint wallsAppliancesDoors/locks.Roof patch, remove 12x24 section, cut out rot, sister in new beams, put new plywood & shinglesPiles and piles of new electrical wiring (electrician/us)Sand all walls and spray texture ceiling and walls with joint compoundPaint whole house inside and outNew trim everywhere.Sand the every living hell out of the floors (100 hours of labor + help)Gutters and french drainNew mailboxA/c Unit.

Unmitigated water damage becomes mold damage and and there is the potential of extensive smoke damage in the same airspace.

The tenant ran this house into the ground and smoked heavily inside but they said he would be gone by closing.  

We’ve had an apartment sit vacant since August and have had no luck finding decent enough tenants that don’t smoke or have pets, have no felonies and no prior evictions.

Check the furnace filter, make sure downspouts are attached/down, ensure tenant is caring for landscaping, check on smoke detectors, are there evidence of pests, does it look like more people are living here then indicated on your lease, and finally is there evidence of pets not on the lease. 

One tenant's unit is very apparent that a lot of weed is smoked in the unit which is illegal in SD so I dont have much experience with that. 3. 3 of the 4 units ranges are older and look like they could need to be replaced soon4. 3 of the 4 refrigerators look like they need to be replaced. 5.

I had to add a smoke alarm in the basement.

It likely needs new everything, new plumbing, new electric, insulation, new windows, new smoke detectors, and plenty of other cosmetic updates.