If it was a normal tub/shower combo it would take up a foot LESS of space too.Our question is: Would we decrease the value of the house by getting rid of the expensive tile and jacuzzi and replacing it with a normal tub/shower that’s more in style and less dangerous to get into?

You may have fewer people viewing it on the Thanksgiving weekend, however, 2020 is different. 

Its not dangerous I don't thing but I've stabilized it anyway.

My plan was to get licensed for the purposes of our personal investing, but I’ve ended up actually doing fewer personal deals as an agent, partly because I pass more deals on to clients and also because I’ve been enjoying working as an agent and have been dedicating more time to building that business as opposed to the investment side of things.

It is dangerous and can cause damage to the respiratory system.

It can be dangerous to your health if you don't air out the property completely. 

I would not invest in any location where the population is stagnant or declining.Crime - People and companies will not move to locations perceived as dangerous.

I agree that option 1, really is a dangerous option and only makes sense if you currently own NOTHING and are buying a multifamily to house hack and live rent free.Option #2 I would absolutely AGREE is a ton of work and also IF YOU ARE DEDICATED to being an investor, is the best option.

I also found this book The Book on Managing Rental PropertiesA Proven System for Finding, Screening, and Managing Tenants with Fewer Headaches and Maximum Profits valuable.

When you sell, you would owe taxes on whatever the sale price will be minus $50k, so your refi is baked into this total gain.PS. an unsolicited piece of advice: "super DIY guy" mentality is super dangerous.