Otherwise, weigh your options with estimated vacancy and remodeling time, but how you may be able to mitigate losses longer-term with the higher rents you'll presumably be able to collect with new tenants. 

Like aircraft checklists and vehicle operators manuals (the -10s), one can benefit from extensive research, trial and error, and deliberate improvement principles gained by the many that have gone the path before. 

Once you have a shortlist, sign up for an account with each one and test them extensively to see how they function.

I don’t tend to do much plumbing drawings, especially when it get complex or extensive. 

It was the most extensive list (92 companies) I could find.

It sounds like you have a solid system with clear communication on extensions and vacancy openings.

It's an investment into the property, and if/when they move out or even if they're there you can now add a traditional dryer to the property and collect additional rent.

However, I am curious to know your reasoning behind considering bidding on a property that requires extensive rehabilitation, including demolition.

If I wanted to get more involved and spend more time on investing (like if I was 20 years or more younger) I would make extensive use of options.

It is important to note that my business partner is a family member and we are aligned on pursuing whatever strategy is most optimal for our main goal of acquiring as many properties as possible collectively, regardless of ownership percentages on paper.