It may not sound like much but those small perks can really add up.

Sounds straight forward but in practice, i am kind of nervous even doing such a thing because of the unknown.

Thanks @Siler Coggins for the input sounds like a great option. 

@Kyle Bethune Sounds like you may need run into deferred maintenance costs with the infrastructure.

There is no wrong path, but it sounds like flipping is the better approach, in my opinion.

It sounds like you will be looking to get the second loan very soon after the first.

@Jesse Stephenson  That sounds like a really good idea, although, once the tenants are in the property, what would I have to do to lawfully get them out of the property while I renovate them.

I understand it sounds like they are fixing up small stuff.

If they sound confused, move on.  

They have a few properties, but it sounds like they got them all from their dad and they just want out now.