You could end up with ripped off tenants, with no money, no place to go, and then you will have to evict them.

Perhaps $2K or less if the contractor doesn't have to rip open walls or get into any tight spaces.So, if this were my project in a comparable area, this is what I'd budget:- $4K to replace furnace/condenser- $4K to replace all plumbing- $2K to replace all ductwork- Whatever the cost is to fix/replace the damaged sheetrock needed to get to the plumbing/ducts.If the Scope of Work is less, the cost should be as well...

Just rip the band-aid off and get it done with.3.

You may be ripping up carpets and drywall if it's real bad but still shouldn't be anywhere even close to $48k. 

Also, prepare to rip out carpets and pads, dropped ceiling tiles if you have them, and do a lot of cleaning, especially around the windows.Since I've gone non-smoking with all my properties, my turnover costs and tenant drama have gone way down. 

If you rip it out yourself and paint, install a runner or non slip treads.

The Twilight Zone episode is called the "Rip Van Winkle Caper".

They tried to remove it and it ripped off the plaster so they had to leave it. 

This week we were busy ripping out the carpet and linoleum throughout the house to determine the condition of the hardwood and if we'd be able to refinish it.

Am I getting ripped off or are these fee’s normal?