Polished concrete?

I am thinking about areas I might be comfortable venturing into and would really appreciate some feedback on my location choices, financing options, and how to get started.Location I have friends or family in the following areas and have found the following properties.OR - $140k Four-plex that that earns $2240/mo, really needs polishing in a metro area of 80k with %1 vacancy.

Why don't you just polish and seal it?

@Scott Graham our goals this year are tamed down a little from last year in order for us to regroup and polish up our systems.The majority our the properties we are looking to acquire now are SFRs that we are selling on 5-year lease options.  

It's very Polish...

I was pleasantly surprised when a tenant moved out and the floors I thought needed major work was just $400 of wax and polishing.

The first one left the place imaculate (100% security depost refund) and this last one had leaks occuring for months that she never reported, and actually moved the moisture alarms without thinking to give us a call and notify us, as well as kids with permenant markers, nail polish left on the countertops, sheetrock damage, carpet trashed, oven gross, you get the picture.  

No worries, we'll get through this, have some reserves, are polishing it up and will get it rented.

Again remnants - one of these was left over at a large retail granite shop, and I think the other was This one we transported and took a crack at cutting and polishing ourselves. 

Time to sell, take a loss if necessary and reboot.You can polish a turd all day long but all you are going to end up with is a polished turd.