For the work itself, I am thinking, as you suggest, of focused projects: Roof, electrical service, plumbing, hvac, and then framing/finish work.

In the HUD inspection report it said plumbing system and sewer system are tested with air compressor and would not hold 40 psi.

All electric rewired in base, (ties into old going up) breakers installed in 2nd unit, wireless smoke det, water tank '10, plumbing '08 (copper with galv) carpet '08, most major work done, quite a few of little things need work, owner is doing that now.Taxes $2500Ins ?

Put a sign on front and back door that say copper has already been stolen, plastic plumbing in place.

I know you can get out of any lease on domestic violence grounds.

Last year I bought one house for $600 and cleaned the carpets, fixes one plumbing leak and painted the walls and rented it out for $375 in a month.

Then I like to bring in specialists for a more in depth observation, namely electrical and plumbing contractors.

I am experienced with roofing, landscaping, drywall, plumbing, electrical, masonry, computers, accounting, budgeting, public speaking, planning, training, management, and probably some other stuff too..A huge THANK YOU to this site's Founder Joshua Dorkin and all the great people who contribute here.

Take care of subing out some of the heavier work (electrical, plumbing) but mostly have a couple guys that are handy to do the lighter work (cabinets, flooring, hang doors, etc)I'm leaning towards option #4 but mostly concerned about materials.

Personally, I don't think you have enough built in there for unexpected (holding costs, bad floor boards, stolen plumbing, ...)