You need to narrow it down to a few choices. 

My first choice was quit claiming the property then I perform needed repairs.

I think a reliable net $2500/month in passive (to the extent that really exists) in the next 3 years is a SMART goal.

If you have a newer model smart phone, you can buy a lens adapter for your phone that will give you a wide angle feature.

But the choice will be a personal preference.  

Use your knowledge to check and screen the contractors, not show how smart you are up front (they wont care).

Hi Keesha,This is my passion.When I was younger I was lucky to be able to shadow at different times, 3 extremely smart, extremely successful men in their weekly dealings because they too had the same passion for this business that I do. 1 high rise commercial, 1 strip mall commercial,  and 1 large multi-family. 

I do not rent to families, prefer seniors, so your plan to turn it into a 2 bed would be my choice.

You're smart to consider the possible licensing aspect of selling a certain number of properties, it could vary based on the state you are located in.Also, if you're "gearing up" to re-sell a number of properties, I'd invest a little in getting qualified advice, rather than learn it, "experience by experience."

Those are the smart ones IMO.