Live in Des Plaines and have rentals in Mount Prospect Arlington Heights and Chicago.  

Hi @Craig Conte Some good markets you can look into in South Jersey would be Haddon Heights, Haddon TWP, Audubon, Willingboro, Somerdale, Magnolia, Stratford, Bellmawr, Runnemede, Barrington, Mount Laurel, Maple Shade, Berlin, Collingswood, Gibbsboro, Laurel Springs, Merchantville, Delran, Glassboro, Deptford, Mantua, Monroe and Pitman. 

@James Shin didn't even see you were in Mount Prospect.

Im a local Contractor in the Rocky Mount area and my wife is a Real Estate Agent.

In the end, most landlords make a cash settlement to the complaining party, because it is cheaper than the mounting legal fees and the non-performing rental unit. 

And if you go direct to the TK company you can potentially save some because they don't have a marketing fee they need to pay.Ask for Scope of work one of my clients that I fund acquisitions for takes EACH and every property to the studs.. and his TK product has all new. plumbing , electrical , hvac, windows, Kitchen is torn out and a brand new kitchen is put in with new cabinets and Slab granite with under mount sinks designer tile work...

What you're asking is if it's possible to climb mount Everest.

If you do that, and have electrical outlets, you can purchase electrical box extenders so the outlets mount properly after the new drywall is applied.

Again to clarify this basement was water damaged from frozen pipes bursting NOT water seepage.After considering the costs and all the posts above I thought of this - Scrap and paint the blockPaint the drop ceiling framing and put in new tilesSurface mount the existing electrical outletsPut in cheap carpetPut in cheap baseboard trimDONE.

Our 2 family near Mount Snow is for sale if you have any interest in that area.