We are remodeling a rental property in a suburb of Akron Ohio and installing a new tub with tile surround.

The property is in a distressed situation and would definitely need a remodel to sell for retail value (we might have to move some walls around to make the property more desirable). the property is around 60 years old with 995 sq. and around 400 sq unpermited on top of that and there is a mortgage of around 255k on it.

Owner doesn't know exactly when remodeled but likely between 2009 - 2012 so is in pretty good condition.  

We remodeled the whole thing.

It was just a hobby.Anyways, we put an offer in on an acreage property that we want to raise our family on and will eventually remodel/rebuild the house on that property when the time is right. 

Current tenants seem to be slightly lower class and rents are at 400-475 for a one bedroom that hasn't been remodeled since it was built in the 70's.

Hey BP,My goal is to hear some advice and/or pointers on what has worked for people with experience in what their advice is.Background:I'm a Carpenter in Northern California working for a General Contractor totaling 40Hrs-60hrs a week My current work is mainly Tenant Improvements/Remodels, In the past I've done custom homes as well.I'm sole provider at the moment for my family and am saving what I can though it probably wont be significant for InvestingIssues (oppurtunities):Dont have much capital 5000-10,000 - Saving about 500 a month Dont have GC license yet - Will have GC license in November 2017Will have Construction Project Management Cert early 2018 (March)I'm looking to be proactive and find an oppurtunity to enter real estate investing with a sustainable stratgegy.Current thoughts:- I can work full time and get jobs on the side to add to capital power - wholesale remotly, with savings?

Actually it is making money now, I'm just hanging onto it for a while longer as we finish up some unit rehabs, an office remodel, and a burn unit that could be pretty costly.  

I have experience in remodels and would love to find a partner to work with for a few months over the winter possibly. 

I am currently getting bids for the repairs/remodel, so far I'am looking at around of 20K - 25K  of rehab work.