- purchase price would be 1.5 Million - its 4 stories and requires a gut renovation.Supposing that this is a great deal - how would i finance the 600-700K renovation ?  

Emersons Commercial does millions of sq ft in property management and leasing and based in Dallas so might have some possible tenants. 

The long-term RV Parks that are residential style tend to attract tenants just looking for the cheapest housing they can find.  

If I had turned each one of those into a rental and continued with my (well paid) full time job, I would have already  been sitting on over a half million dollars in real estate by the time I actually started "real estate investing."

In my career so far, I've bought and sold several businesses, and raised circa $80 million for both privately-owned and publicly-listed companies.For years I've been passively involved in Real Estate, renting out a property for decent cash flow, and continuing to educate myself for the "big push" into REI.

So she has not had any tenants in house as she does not want to be a landlord.What should I look out for, as well as what improvements should I look into to help attract good tenants?

I want to target residential properties in the range of >4 million.

A system that has created lots of business for me and has increase my leads when doing mailings or talking to people.A broadcasting branding system  that has worked locally and nationally and is almost a guaranteed system of creating leads.A closing techniques that has increased my odds and purchases with sellers, called the Hybrid Offer.A system I call Peggy Back Bookings for our auction company, a way to book multiple properties that sellers are attracted to and often say "Yes".A way of using contract consideration that makes the investor capable of making hundreds of offers on real estate without running out of money. ( legally).

You will find everything from $20k houses to multi-million dollar homes in the area.

I remember between March and April of 2009 where we have a very large exposure in to defaulted loans (10's of millions) and what seemed like overnight within those 30 some days we lost 15% of value across our portfolio.