Bring it in :-)I've been consistently analyzing deals in LA on a daily basis and had to keep writing "Damn" on the bottom of  my pages of paper after analyzing that the property will not cash flow.

I just have to be a contrarian here @Caleb Heimsoth  as Caleb states I cannot think of anything risker than remote rehab for beginners.. keep in mind the author is a very experienced real estate professional and what works for him simply is not germane for beginners I know they want to sell books on this site.. but I fear there is going to be some really sad people that try to do this and simply don't know what they don't know.. all to just save 5 to 10k  extra that a flipper that does all the work and takes all the risk makes bringing you a finished product.. you can lose 10 to 20k in a heart beat doing this if not more.. 

You would have to get a payoff for it and either include it in the short sale negotiations, have the seller bring money to the table to pay it off, or the buyer would pay it. 

There are plenty of other opportunities in Stockton that would bring a better return.

Also like the idea of starting to prepare the tenants for the new management approach and expectations I'll bring compared to the previous owners.

Love your analogy about turning your savings account into a money making machine....I have the same mental picture....all my little dollars are employees working every day to make money and bring it home at night.

Average spot has to bring you at least 300$ NET.

There may be one or two tweaks that'd bring it in line.Thanks for your input!

Which brings us to your next question.How do you know how much to charge?

Without getting any actual documentation, I have been told by the selling realtor that the current owner brings in about 30k per year in revenue and nets 25k.