I like damaged baths and kitchens since those areas tend to have rot.

The other negative aspects (fixable) were the bathroom layouts, kitchen layout, and condition.NOTE: Please keep in mind that the numbers I am using in this example are not always typical of the exact costs in my area and certainly not in all areas of the country.

are the kitchen baths updated ?    

Its looks like concrete block construction, needs new kitchen and bathroom, some doors and windows.

Eventually, someone can't understand why their purchased material, in pristine condition (still inside shrink wrap) has not made them money while sitting in their underwear at the kitchen table and they complain to FTC or sue.

That means everything...drywall, flooring, kitchen, bathroom.

Upon entering the dilapidated shell-of-a-home that needs to be gutted and cleared of debris, I find 30 year old insulation covering the floor of each room, warped floors, no ceiling, a leaking roof, a destroyed kitchen and an owner attempting shop his home for the highest bidder to hopefully get ARV for his hunk of junk.What I'm finding is a common theme since full blocks are being bought out and the natives being forced out to make way for hipsters, swanky little coffee shops, and inflated real estate prices.

Could you rent it by the hour/day/week as a commercial kitchen for someone like a food truck or someone cooking their family recipes and then selling at fairs farmers markets etc. ?  

Parts of the exterior need some paint as well as the interior, the yard needs some work, the kitchen needs new floors and new cabinet doors, etc. ( I have yet to visit the property in person but this is what I could gather from the pictures).

You should also set aside 10% of your net income as a capital reserve to fund all of the renewal/replacement of the property itself (roof, HVAC, floors, kitchen, bath) which will occur every 5-20 years and replacement of appliances (fridge, stove, washer/dryer, etc).That's a $120K investment.