Maybe even try to do all of this within an area that is a 4-5 hour drive for you, so you can monitor, be a little more hands on, and work at developing systems. 

He has sold or got rid of my sons 32"samsung flat screen monitor thats still being financed & My brand new hot water heater but yetcthe police will not even let me file a stolen property report because they are saying none of these thibgs are mine anymore.

If you keep a house even up to five years they will still hit you with a 14% tax, try making money on flips when that happens.Also last night they said on the news that they were going to impose a new gas tax of 20-30 cents a gallon to pay for the high speed rail project and other infrastructure.

At this point, I would be more concerned on the condition and performance of the infrastructure:  fabric/envelope (insulation and air sealing, windows & doors, roofs); HVAC; DHW; electrical, etc. as those will be the most disruptive and expensive items to address. 

@Kevin Burns, in MD, tax assessments are broken out by land and improvements... it's crude, but might give you some idea if your area does the same.While subjective to some, the value of the land is reduced (from a construction standpoint) by the cost of the demolition required to remove the existing building, but the value may be increased if the foundation and infrastructure (utility lines, driveway, etc.) are reusable, in whole or part, and/or if impact fees/taxes can be avoided since it's not new development (if such fees/taxes are imposed there).

As a public adjuster, any claims I work on of that size are monitored by the lender. 

I do the work so i can monitor the house and work done to it, plus a ovoid paying a premium for a questionable tenant/property/management co

It is something I am monitoring based on the current markets and our overwhelmingly aging population.

The Wekiva Parkway toll project has brought infrastructure and easy commuting to the area that has been lacking for decades.  

@Jayce Stewart you could install a $20 energy monitor on the outlets that power the w/d and credit tenants for the usage on a regular basis.