Problems I see is I have a fully remodeled house with all new everything that could get long term tenants and instead these people know they won’t be there long.

I also have a vast list of quality tradesmen - as I work full time in the remodeling industry and acquired many contacts. 

Hey everyone, I've looked through a lot of Meth House related posts, and based on what I've read it would seem that even if I want to take a house down to the studs for remodel, it would still be best to have the home remediated first. 

The building needed some work (new roof, complete remodel of two offices, new decking on the handicap ramps, etc.).

If you only have $5000, then you shouldn't invest it remodeling a unit.

@Nefertari McClarity Fasttrack remodeling has an excellent reputation for both quality and speed.

Seems that these are often ridiculously cheap - but I'm thinking the market knows more than I do and they are cheap for a reason.Churches are often beautiful buildings in great shape, but are very awkward to convert into a SFH or apartments.Schools tend to be large projects requiring significant resources to remodel into apartments or senior facility and can be either in decent shape or quite run down.Masonic halls are often very similar to commercial buildings but usually need a lot of rehab.Also many of the bargains are in economically depressed or low/no growth areas.But still the price on these can be so low that getting positive cashflow should be easy.And there may be LIHTC (low income housing tax credits) available - anyone managed to snag any of those?

We wound up investing about $5000 for new cabinets, counters, removing some furdowns, etc. almost all kitchen remodel stuff.

I am very handy and have personally remodeled 3 house from head to tow, only one of which was my own. 

We did interior and exterior remodelling, plumbing and electrical, dry waste and back yard.