It can be a big undertaking, although there can be profit in it IF the numbers are right and IF you have done your homework to know what you are getting into (both big “IFs”).

A full reno is a large undertaking with lots of hidden issues/costs.

Separating the utilites for electric, gas and water for each building to their own individual meters was quite the undertaking and more expense and time consuming than expected.

If you decide to refurnish or redecorate, I have had pretty good luck with Ogle Furniture.  

Purchase price: $265,000 Cash invested: $135,000 Sale price: $570,000 The Edson project was one of the largest undertaking Tree City had taken on.

Purchase price: $265,000 Cash invested: $135,000 Sale price: $570,000 The Edson project was one of the largest undertaking Tree City had taken on.

Otherwise just say no it's not a project you can undertake right now. 

In order mitigate [1] the irritation and known adverse health effects of secondhand smoke; [2] the increased maintenance, cleaning, and redecorating costs from smoking; [3] the increased risk of fire from smoking; and [4] the higher costs of fire insurance for a building which allows smoking.B) Definitions. [1] “Smoking” means inhaling, exhaling, burning, or carrying any lighted or heated cigar, cigarette, or pipe, or any other lighted or heated tobacco or plant product intended for inhalation, including hookahs and marijuana, whether natural or synthetic, in any manner or in any form.

Changing a property from a single family to a 5 unit is a major undertaking and if it wasn't done right, you'll be buying a mess.Stephanie 

This is a huge undertaking because you don't just "lift" the roof.