Hey guys,Haven’t really rehabbed or remodeled a place other than a mobile home one time. I have this property which is in pretty good shape, but wanted some suggestions on what you guys would do to it. It’s my primary...

I need to do a few things first, mainly painting the entire interior. 

All interior/exterior work to be performed by a contractor. 

.-  The electrical doesn't have a grounding a wire so to rewire the house $10,000-  New roof $10,000 (assuming it's on cedar shakes)- The foundation issues are caused by large trees growing right beside/under the house so we'll need to remove them-  As far as interior it's basically a gut job, but I think we could salvage the kitchen cabinets ($55,000).- It's a foreclosure and the market is crazy so it'll likely sell between $65,000-$69,000.00 Thoughts? 

I have down a bunch of work on the interior so far and my plan is to re-evaluate after I've been here for two years (done more work on the interior/exterior) to see if I could possibly sell for a nice profit as well. 

Built in 1972 so its not super old, nothing i saw on the interior will disqualify for section8 3.)

It is in really really rough shape (it is a complete gut exterior/interior).

Walk around and ask some of the existing tenants if they like living there, what things you should be concerned about with the management company or interior repairs, and why they like living at the property.

Drew Davenport County assessments aren't the same as market value.There is usually a long delay between assessments, they usually don't see the interior of the house, and are only doing assessments so they can allocate out the operating budget across residential and commercial properties.You need to pull comps for the area.

A new interior AC unit with return air register, plus new duct work and vents, plus a lot of painting.