So here is where I am looking for feedback; this building has 10 bedrooms and 5.5 bathrooms with laundry hook ups for each unit.

The rest of the house is mostly redo the kitchen, probably the bathrooms (may be able to save fixtures, but cabinets, flooring and shower tile need done), re-sand hardwood (hoping to salvage the wood by the leak?)

We put a new foundation under the addition, with a flex room and full bathroom down there so people could use it as a guest suite--total of 3 bedrooms, 3 baths.

I am contemplating getting rid of the $200 per month as well as the yard is tiny and the only cleaning is the small common area and two single bathrooms.  

However, if it's something simple with just a kitchen, bathrooms, floors, and paint then you could easily use a "handyman" type contractor.

A few other things you may want to think about are:Are you looking for single family homes to rent or multi family units and is there a minimum number of bedrooms and/or bathrooms that you require in each unit.Although I started my career working with renters, I have since moved on to RE investors. 

I paid cash from my savings and have budgeted about $25,000 for repairs (new kitchen and bathrooms, new Hvac, and paint and landscaping).

In Texas AT LEAST you need to have GFCI outlets on all kitchen counter surfaces, outside, garage, bathrooms etc. this home had the outside ones since the pool was relatively new and the outlets were put in when the pool was put in.

The owner is in the process of doing some repairs in the bathroom and kitchen, but hasn't finished.  

I would do the plumbing, electrical, kitchen and bathroom finishes, flooring etc.