Get with a Contractor and a Real Estate agent that you can trust. get the contractor to bid on the rehab in order for you to understand what it takes for that property to come up to actual value, get comps from the real estate agent to understand what the property is worth, make an offer based on those numbers and move the property to an investor.

I also have 2 other properties that I own and as I grow my portfolio, I'd like to ensure I keep them separated as much as possible.  

This should allow us to pay off the other high interest loans.So the reason for this post is to get feedback on our plan and as well as seeing if anyone has dealt with this situation before.

The property has 2 3 bedroom apartments and a 2 bedroom 2 split level apartment.

I am currently looking into a duplex and a 6 unit building.

I am a Master Plumber and a gas and HVAC technician.

Check out the past and upcoming meetings on Meetup: https://www.meetup.com/Sacramentos-Real-Estate-Clu...Or through the Facebook page: https://www.facebook.com/SacRealEstateClub/ and a Facebook group for posting Sacramento deals, haves & wants, services, etc:https://www.facebook.com/groups/sacrealestateclub/The meetup page has information about the location, date and times.Hopefully we'll see you there!

They pay $300K for a 3bed where they are and rent for $2200/mo, we pay $65K for a quality B class property and rent for $850-995 with rehab complete and management in place to make it hands off and as easy as buying a mutual fund, with far better control and performance.  

In my neighborhood a 2/1/2 goes for 1,100, a 3/2/2 is 1,200, and a 4/2.5/2 is 1,300.

., thank you for your response and a clarifying point.