In your proposed case you would be compounding this negative position by taking away the best source of financing for a large percentage of potential buyers.  

Do you have a potential DSCR scenario that you're looking to apply for? 

Here is my two cents: When hiring a contractor for substantial renovations, start by researching local licensed and insured contractors with solid reviews.

Thanks for the insight on where to network with potential investors, I will definitely look into that.  

Smaller markets like Ocala, Spring Hill, and Palmetto can be great for affordable buy-and-hold strategies, while Gainesville offers unique student rental potential.

They tell you that they "cherry pick" potential clients, but belive it or not they don't!

I had been discussing this property with the owner for a while and saw its potential—distressed but with strong fundamentals and built-in equity.The deal was a great opportunity to apply creative financing, secure a property with minimal upfront capital, and build long-term cash flow.

My advice would be to specifically retain a potential eviction attorney from the start, in order to be prepared for how this *may* go. 

What do contractors typically charge to come out to a potential property and walk through and fill out a SOW with pricing?    

Find out what buyers are purchasing on the MLS and then try to land those listings. ( Example: Research tells you after looking on MLS that 4 bed,2 bath brick house sitting on 1 acre with a 2 car garage and a basement for 250,000 make up 75% of all sales in the area.