Another 3/1 in better condition, all full height rooms maybe 2500 - 3 k. 

Agree with Steve K and others. 

I offered the guy, 5 k for him and everybody to get out.   30 day is up and he said he needed to money to move. 

I have a 401(k) that I'm currently looking to use for my next property and would love to move that into a SDIRA towards an investment. 

Quote from @Steve K.: You've got your ballpark range (big ballpark). 

You would also want to move this to the K-1 activity on your 1040 tax return so future net rental income (profit) can be reduced by prior disallowed losses.Happy to help.

@Jordan Jensen I agree, with @Michael K Gallagher to simply answer your question - Getting started is the most important step.

Quote from @Mike K.: Quote from @Zac Mckenzie: Materials + Installation should run you around 4-6$ / sf. so your on the right track. 

Quote from @Steve K.: If you don't have experience, you'll have a hard time getting financing on something like this as your first property because lenders will want you to have experience, especially if you don't plan to hire professional management.

Use your VA to buy a 2-4 unit for more cashflow.You could also do an FHA 203(k) which allows you to finance repairs & improvements.