* Finish the spaces and attach them to the current apartments as bonus rooms and charge higher rent (once current tenants move out).

For bonus credit, assuming I can rent one side at $990 or $950, what would you do with the established $850 a month month to month tenant?  

You could even offer a bonus structure that gives them a larger cut the quicker the project sells, giving them a greater incentive to make improvements buyers will want and to get it done.  

He would sign up for classes and never attend. 

Sign up to receive from propertyblasthomes.com   Its a website realtors use to pitch their listings.

Couldn't agree moreAnother bonus- If you can partner with a handful of other investors that you buy/list their properties for, you'll probably get repeat business if you treat them well and/or offer rebates, and you could easily get as much business as a "traditional" agent without as much work.  

 # of bathrooms unspecified.Each recently updated unit has:1172sqft2bdrm + bonus/den1.1 bathW/D Hookup, all other appliances includedlow maintenance front/back yardsattached 1 car garage + off street parkingnew wall to wall carpetquiet dead end streetminutes to shopping, Community College and Interstatepreferably no pets and non-smokersLessee to pay all utilitiesPictures and info at realtor.comI have a youtube video of my initial walk through here.  

Having additional cash flow would be a bonus.  

@Phillip Faries , the cash flow amount sounds great, and there should be very little to do in managing a condo, plus the equity is a bonus!

We have a "private parking - tow" sign up, and we put up the unit numbers above each garage space because they need to be able to prove to the tow company that they have the right to that spot if someone ever parks there.