The septic waste system will need to be connected to city sewer in the spring, which will run about $4200, and the house also needs a couple safety repairs/upgrades, which cost another $1500 roughly. 

@Jaron Walling You are exactly correct.

Do not put in a bid and then bail after you look at it, it’s a bad business practice and your wasting the sellers and agents time.  

.$1700 - 3 bedroom up - New floors, paint, knock down 1 wall, add washer dryer, modify front entrance for common foyer between units$1400 - Basement unfinished - turn into a 2 bedroom unit, kitchen, bathroom  - 40'x20'Widen drivewaySplit hydro into two metersFix upper then rent (2 months) then work on lower (4 months)Refinance after 8-12 months. 

Tenants have started hanging their own artwork on hallway walls and placing furniture along the walls in order to add their personal touches.

I told people on this site a few weeks ago that I had found almost a million bucks in small bills hidden in the wall of a teardown with a rusty Glock lying on top of it.

@Jaron Walling thank you so much for the input and suggestions.

@Jaron Walling I appreciate your advice especially because you're the first person to offer a different take on it. 

If the walls are going to be open and gutted it is a no-brainer.

I designed and contracted a complete remodel of the house which also included some wall demo and kitchen reconfiguration.