It's like, you wash my feet and I'll wash your entire body type of vibe.

I spent 30k to fix it up including a new roof, painting over strong smoke smell, and converted an office so it was a 5 br and slept in the new bedroom and rented out the other 4 to young professional women like myself.

If it looks like a rose and it smells like one too, then chances are that it's a rose.

Body is getting banged up.

My school was planning rapid growth in the next six years so much so there was a question of where would the student body live in my mind.

@Ryan MooreWe have used similar conditions in purchase offers where we have suspected the Vendor of being less than forthright and housing warm bodies simply to be able to advertise the property as being fully occupied.  

But you will get a used house, possibly painted in an unusual style or smelling of neglected pets, and a lien.

Market seems to be saying your units are economically productive and on par with comparable units as is (based on tenants grabbing them).And, as you know now, that new smell and model home appearance of the totally remodeled and rehabbed unit will fade fast when the tenants treat it like, well, a rental...So you may just end up remodeling again if you sell or get a rough tenant..I tend to do more work on units prior to a sell and let the horses run with a rental with tenants in place that are relatively happy.

It is a single family home that I lovingly refer to as "The Cat Pee House" - as it turns out the cat pee was just the beginning of what was causing apotpourri of foul smells. 

I went over and found lots of water there, they said that it had been like that for a couple of days, but they aren't down there much and didn't notice until it started smelling.