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Let me do my homework and I'll reach out to you directly.

Noor Bhai You did not do your homework.

@Frank Jiang Ahhh, I didn't check the math.

For easy math let's use $100K valued houses and $1000 rent (1% rule).

I actually did run it through the calculator and it looked good math wise, but I just went to see the property and the units are very small and happens to be directly across the street from a prison.  

And, be confident in your math.

Emerson Zollos,I'm in the same boat with a duplex, where one of the units was occupied seems to be a chain smoker - the walls, ceiling & floor are just completely saturated with cigarette tar/smoke.While I haven't begun rehabbing the 2nd unit, I've been doing my homework on the best way to tackle this project and what seems to be the most effective treatment that I've found so far, short of ripping out the drywall/plaster & lathe, I've been reading that using a TSP solution with warm water very effective in removing the "gunk" so to speak - once the walls have been thoroughly cleaned with TSP, use an oil-based primer (Killz) to seal the walls and then apply a few coats of paint. 

My cash on cash ROI is infinity % as according to the math above I'd be getting back more than invested.

You use it when you have a great deal that for whatever reason cannot be financed by conventional loans and after properly doing the maths including conservative padding for things that can go wrongWhat things can go wrong you ask?