We are seeing a lot of evictions for nonpayment at the lower prices, so a remodeled one sounds great, but they ultimately can't qualify due to income or credit.

No plumbing, meaning no toilet.

We got a great price on the home, it does need an extensive cosmetic remodel and also a new roof in the next 2-5 years.We are planning to head down on closing to live in the house for 4-6 weeks to do most of the work ourselves.

Complete gut and remodel What was the outcome?

Each additional occupant increases the rent $75 a month.You may also want to check and see if they have anything causing excess water use, like a toilet that constantly flushes or runs.

You run out of toilet paper and you have a poopie butt... you need leads!

To demonstrate my technical competence, for my personal house I built a steam shower, installed radiant barriers with rock wool, and a wood stove insert with bathroom radiant heated floors and re-designed radiant floor heat zones, cutting winter energy consumption to 1/8, installed a whole house fan cutting summer energy to 1/2, extensive localized landscaping leading to a reduction to 1/8 the yard work, plus random quality of life improvements like wifi switches, heated floors and toilet seats, skylight install, exposed structural beams, and master bedroom laundry including electrical and plumbing, cathedral ceilings with skylights, a steam shower with wifi controllable lighting and music, concrete countertops, etc. 

I currently am doing exactly what you were talking about, subdividing a lot (remodeled the original house) and looking to build a duplex on the new lot.

We're also doing all bathrooms with new flooring, shower fixtures, vanities, light fixtures and toilets.

Are you doing a whole remodel or just electrical and HVAC?