It might take some time but it will come depending on how much effort you put into it.  

Depending on the location you can rent the rest of the units to long term and short term tenants.

Postman goes to deliver the mail, they will either pull it out and trash it or they may just pile everything on top (depends on their work ethic).

Renovation time depends on what's needed and you can start advertising for tenants while renos are underway.

It may or may not work in real life - it seems likely to be dependent on state laws, and upon how you craft a lease. 

.#1 is of highest priority to me, #2 will depend solely on the relationship that is built and the deal at hand.Thanks for the reply.

IE wholesaling but that takes money and major sales skills.. and a market that has a lot of excess inventory and rental inventory.. it really depends on where your living and working.. all the guru training materials say just about the same thing there is nothing brand new .. just the same methods or schemes repackaged and regurgitated to enduce those who want it all now and are willing to pay for fast track.think MLM..

That's certainly possible, but then your dependant on people just happening to see your post and then to show up.  

It depends on the amount of work you want to do.

depends on your appetite for risk.