For some context (albeit from a slightly different space), this is the current landscape for one small sliver of the "marketing technology" landscape, a market that is no bigger (and almost certainly smaller) than the market for real estate agent lead gen:Anyhow, you should keep pursuing your idea, and test the market. 

The property looks likes it needs considerable renovation inside, outside, and landscaping etc.What processes have you found successful in coordinating an estimate of rehab costs.I don’t know if I’m sitting on a gold mine or a dump.1.Should I be scheduling a time to meet the realtor and a GC at the same time?

Then add paint inside and out, new kitchen, updated bathrooms, new carpets in bedrooms, new light fixtures, updated sockets and you´re probably looking at a budget of $8000-$9000 in cosmetic updates, $6000-$7000 for a properly permitted roof and $3000 for a new HVAC system.

could someone shed some light on the best way to do this.

Anyone can chime in to shed some light to help me come up with a fair split?

Its Hudson County.No crazy remodelling - just putting in new cabinets, counters, backsplash, and new floor tiles.Baths - new fixtures, vanities to tubs, lighting, floor and wall tiles.Any leads?

There are many other costs such as sidewalk fees, trash, permitting, tap plans, architectural fees, surveys, landscaping, toilet rental silt fence, site work etc..

I bought 22-units in Indianapolis for $350,000, did light rehab, increased rents and it is a cash flow machine.  

If there is really high cash flow day 1 at market price, that to me is a red flag, not a green light, since it likely means I'm taking on extra risk from the quality of tenants and the neighborhood.

I agree, dratically trim the front hedge at least 1/2, Paint the garage door the same color as the body of the house the accent trim that's white could be done in contrast color.The body of the house looks like brick, I wouldn't paint that.Maybe new exterior lights by garage.Front door is hard to see. looks like it matches garage door..