To bring the building to rent ready at your standard, you need to spend a lot of money. typically you will be spending around 10k per door to get a reasonable standard including HVAC etc. 

id=lcyB3amGu9YCSo many unique strategies to consider in this book.Not directly a real estate book, but if you are going to start investing, The Millionaire Next Door.

Ronald,Perhaps I should clarify - looking for properties 8 units and larger, not a single 8 unit.John

The house next door is a double lot, and they are already buying that lot, and want mine too.What you said is generally what I was thinking, just wanted some reassurance before going through the pain of selling, moving, displacing tenants, etc.

Tenant is very clean and does not bother me with little things BUT he smokes right outside front door even though it is in his lease that "smoking is not permitted on premises".Question: Is there a way to have him sign MY lease but only as M2M? 

Are you finding larger B deals where you can make in the teens?

., yes I am a landlord with 13 doors.

@Daniel Bork  I'm in Vermont next door to you, and yes, an attorney should draw up the paperwork for you. 

When looking in this area it appears there are comps in the 45k-80k range right next door.

-To be competitive in the resale market, both units need:  full kitchen and bath remodel; new flooring; new paint; new window fixtures; some / all new internal doors; popcorn ceiling scrape and paint; new light fixtures; likely new water heaters.My experience tells me that each unit can be fully remodeled for between $20k-$30k.Seller says that each can be fully renovated and be market-competitive with only $5k.