I have identified a home here in Anchorage I want in need of massive remodel, and I would like to try and use your strategy with them (but slightly modified: I would pay them off in a lump sum after the remodel work is done and I can get conventional financing). 

We are contemplating buying the complex, remodeling and renting them for long-term income.

Also as a followup does anyone have any info on remodeling in this area?

I then remodeled nasty bathroom (down to the studs) and cleaned the whole place enough to move in. 

Im 20 years old and currently paint/remodel homes.

I wanted to use a contract that I plan to work with in the future, but you're correct @Mark Gallagher in that I may have chosen to only have them as my mold remediators (for two houses getting mold remediation of all exterior and interior walls I figured $20K was pretty reasonable btw) and I was going to get a different contractor for the house restoration and remodel as I felt his quotes were a bit high.

I used them for two remodels and was going to continue to use them, but it didn’t work out.

I've had to hang plywood myself to limit water damage from a loose door (wasn't going to break anything that they'd have to repair, just cause me problems in the remodel), I've also told the bank to get someone to clean up trash left behind by illegal dumpers. 

(I plan to do some remodel work in February, so would be looking for new leases to begin in March).2) The current owners are collecting September rent, which will be credited back to me at escrow, along the the 5 security deposits.  

New construction is what I excel in, I have 3 new builds under my belt as well as 3 complete remodels.