Would it not be easier to buy land as part of the cost and then construct a new fourplex that could easily rent out quickly for a good amount. 

The attic area is too small to get into so taking all that out will be a while.In the meanwhile I would like something to absorb the smell from the air quickly.

You will quickly learn that you don't have to get it all right from the get-go, and you don't have all your business "systems" worked out and ready to go.

Just a quick note on the $10k loan for the down payment.

Usually either a short term loan with goal of owning free and clear in 4-6 years (no cash flow, let the renters earn you a free and clear house quick) or a 20 year term allowing double digit cash on cash returns.

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Realizing this type of rapid appreciation (or "forced equity" as some might call it) often requires a distressed or very poorly managed asset where a buyer can quickly and efficiently add value, raise NOI and convince a lender to finance the asset at the higher value.

Also watch for flood insurance as it can kill a deal very quickly.  

Quickly I got into real estate and have been doing my own projects, purchasing houses in the greater Seattle area at the foreclosure auction and flipping them or turning them into cashflow rentals.

You're in and out of the deal as quickly as you can find a good Tenant/Buyer.