@Austin Mudd  never been asked this question.. as so many agents that have worked for me over the years and my dads company moon lighted.. not sure how that affects your current.. job. 

If it were me I'd sign the 51k contract then do an "inspection"   Bring to light all the major issues and go back to the bank for a price reduction, 35k sounds like a better idea.I'd then rent the 3 units till something stopped me from doing it further and fill the hole in the slab in and pour new concrete.   

@Jay Hinrichs and @Brie Schmidt will be able to shed more light....

We’ve been picking up those LED shop lights from Costco and plugging them into motion sensor sockets we’ve added above the laundry pairs in the basements, so tenants don’t have to flail in the dark for a pull chain while carrying a load of laundry.

Man do  I miss white castle burgers, High light dinner , down town Port Jeff, and Little Vinnys pizza over in Ronkonkoma just to name a few places.

I'm willing to partially fund it and be involved in the project management and light construction. 

@Matthew KreitzerMaybe you could shed some light on the subject.  

So I save my own personal expertise for either the little things that will nickel and dime you to death - a loose outlet, a bad switch, a bad light fixture, a dripping drain line under a sink, etc - or for the things I actually like doing - woodwork, for example - or for the initial rehab work that doesn't require one to work around tenants or their belongings. 

Did anyone see the light from the missle test off Californias coast?

It was built in 1938 so it will probably need an electrical upgrade (look at the wire running to that light in the kitchen!)