@Kenny DahillHi, I can fund some remodel work if you find the right deals for a piece of pie.

Call the major remodel contractors in your area and ask them that exact question.I would also set up searches on Craigslist.

The division of labor will look something like this:Me: Find deals, fund deals.Partner: Rehab/build out/oversee contract laborMy partner is a remodeler with experience and contacts, he just doesn't have the access to funding and doesn't have the time/patience to sift through potential deals.

I've been a contractor specializing in kitchen and bath remodeling for over 30 years.I'm currently in the Tremont area, I'd love to be included if you're meeting up in the area.Thank you,Sincerely,David Rupp

I own a rehab/remodeling company just outside of the Birmingham area.

I often ask if paying $100-125K+, for a turn-key unit, is a more financially effective play compared to buying a rehab/remodel project at discount.

I much rather not deal with a remodel at this time.

"This room has great potential and not expensive to remodel", "you could fix this easy" bla bla. 

Another thing to note... if you have handy, and/or plan on doing remodel/upgrades, you'll probably want to move into the unit that needs the most work because you can do the work while living there without have the cost of a vacancy.Inheriting a tenant:  You'll need a copy of the lease... read this carefully, so you'll know what' you're obligated to, even if the tenant hasn't. 

This will be a lot more meaningful than just us $25-$35 per sq ft for a light to medium rehab.Also, spend sometime to develop an example scope of work (bathroom remodel) and price out all the materials to do the job.