My plan is to put as little down as possible on a quadplex while also getting the allowance for remodeling efforts. 

In fact there is a guy running for President who made 9 billion Dollars doing real estate  Unlike the stock market where value is determined by what the herd will pay, even if the company is going down the toilet, real estate has intrinsic value.  

Tenants want a landlord that will get a broken toilet fixed quickly.

Looking for remodel/finishing work as well as someone for emergency calls/small jobs.

We are closing on the property next week and would like to start remodeling immediately.  

Consider what's important to you in buying a house like remodeled kitchen and bathrooms or just keep it "move in ready".

Then when the remodeling is complete you can refinance and pay the original seller off.  

"Are you at all interested in changing this house into a 'true mail box money' investment where you DONT have to deal with TENANTS AND TOILETS?"

I assisted my friend earlier this year and he only spent $8,000-$10,000 total on the home and replacing the sink, toilets, tubs and kitchen and bathroom tiles as well as other minor repairs.

I'm sure with your experience you will be able to create some beautiful flips and remodels.