It's a good idea to do some research and create a budget to make sure you're prepared for all the costs involved.

Be prepared for higher turnovers, dealing with parents and kids who have no idea how to live on their own (eg using dish soap in a dishwasher). 

Generally that is a bad idea.  

Moreover, to piggyback off others, $200k in virtually any market means C/D-class unless you have vital information about the area turning around/gentrifying (new development/infrastructure).

Is it a good idea to evict this tenant when these are my circumstances? 

It's just a good idea to be ready to pivot with a traveling nurse/clinician in the event that COVID or civil unrest ramps up.

Feel free to list the property details (as-is value, PDTI, credit score approximation, city) and I'll give you an idea if the parameters look realistic relative to our standards!

Overall, I am still happy with the idea of dipping in and starting to diversify our portfolio. 

I think bringing a design expert to run through these properties with the contractors and put together the design based on a specific budget would be a good idea.  

This seemed like a great idea since the contractor was paying rent while the unit was being renovated.