I avoid S.F.H that are in bad shape ,fact I  gut them then   rent like most owners  I would hope .

Account Closed,First, let me say-- good job having the guts and the brains to post here! 

I completely gutted the home from top to bottom What was the outcome?

In terms of rehabbing the property, the workflow can range from throwing a coat of paint on a wall or two, to an entire gut of the mechanicals, windows, siding, and flooring.

I had another property that I was about to buy, but something in my gut told me to wait.

I haven't had the guts to do anything beyond that just yet.

I will say it has been gut wrenchingly stressful so far.

I am picturing this space as either gutted or simply framed at this point being that we are talking about all the wiring needing to be run.    

And while I also have done a mix in the past in cases where let's say a home is plumbed in copper but we are gutting the bathroom, so I'll do the entire new section in PEX (Uponor is my go to), and I know no one would ever bulk at someone updating a new bathroom with what is considered the modern alternative to copper.

Small landlords who have been doing this for years have developed processes and a instincts that serve them well - but it takes time.