Whether partner, mentor or coach, you can learn on the job and there aren't many careers that equip you better for this than just doing it. 

If you do nothing it will make them more available and better equipped to scam the next person.

I could also put in the hook ups and have tenants bring their own equipment.

It could be adding an extra bedroom, parking space, or kitchen where you can maximize the potential rent of the property.

Trying to find people that can share kitchens, bathrooms and more is like babysitting.If serious, look at companies like Padsplit.BP so far, doesn't have any service for finding motivated sellers.

We will be adding a new kitchen and furnace and flooring.

But you also have to subtract utilities, turn costs, starting items (kitchen and cleaning items you give them), and furnishing upkeep/maintenance.

We will be adding a new kitchen and furnace and flooring.

This is a lipstick + flip.New floors, paint kitchen counters, cabinet faces, new bath, install central airWhat was the outcome?

You can always add a coat of paint, replace kitchen cabinets, but you can't move a house (well you can, but that's another thread!).