Thanks for any insight or advice thanksA "Stone outer shell, Burn out" means a complete gut job.I'd suspect it will cost $40k to $50k to get it into completed status.

I just finished a total gut and rebuild of a duplex after a fire, and listed my 2 units a week and a half ago.

(They all say that) But at some point you have to go with your gut.

In addition, it had a full gut with all-new plumbing, electricity, HVAC, etc... the renovation cost 250K+All projects were done remotely with a back-and-forth arrival to the states.

Might be tough from area to area, but I typically find that homes built before 1950 that were converted from single to multi family are 9 times out of ten - a full gut rehab and way too expensive for first timers.

We ended up using seller financing and we gutted the kitchen.  

You can still find a place that will do 15% cash on cash if you are patient.The real opportunity now is if you have the guts and budget to take on projects in the older inventory of homes here. 

It's a good location but an overwhelming rehab just beyond my experience; sorta a full gut/ or the basic kitchen, bath, flooring and paint remodel.

My first instinct is to try and have someone assume my loan and get out.

I've done it all... buying tenant occupied, doing BRRRR's, section 8, doing full gut renovations, etc.I also help clients do these things from out of state.I lived in Troy (just outside Detroit) from 2017-2022 but I'm back in California now.