And if you can find a deal that would make a good flip why not BRRR it and add it to your portfolio.Only you can say whether or not it is a good call for you but I always feel I will do better focused on a single goal rather than spreading myself over several.

You could also focus on the great financial advantages of renting/down-sizing (travel more, no more yard to care for/repairs, buy an RV, visit family more)Host a senior-focused event at your facility (maybe show an uncut version of Woodstock haha) or live music, a Social Security expert speaker or Doctor to address health issues, a fund-raiser, art show, etc. and hand out flyers with a special "one month free" coupon attached Have exercise classes for seniorsWeekly bingo nightsPromote your events for free on community calendars, newspapers, seniors sections of papersPrint door hangers and get some kids to hang the door hangers at trailer parks, older communitiesEncourage your current tenants to invite friendsRent a 15-passenger bus ($50) and offer free transportation to key eventsSponsor events at senior centers in the areaCo-Sponsor service club (Rotary, Kiwanis, etc who have many senior members) eventsPut up banners and balloons when you have eventsI hope at least a few of those ideas might spark some interest.

Personally, i would not be willing to got to that extreme for several reasons. 1- dealing with the city, inspections/permits, and contractors you're talking about serious renovation.2- is the RETURN worth the investment?

If you do have the cash, run the numbers several times, then ask a couple other people to run the numbers too. 

There are several REIAs in the area, but that is one of the oldest and largest.

I'm sorry if this is a stupid question, but I'm just really starting to research this stuff and some things don't make sense to me...Ok, I've read in several places that multi family units are what many aim to buy.

@Amy Ranae   I couldn't agree more about local wholesalers,  I have several business cards from people at meet-ups that aren't wholesaling anymore and the ones that are just send out MLS listings.

Have several ads up to find new tenants.

The house is on one of the worst Streets in the town, but it is several blocks from where the problems are.

@Russell Brazil My initial intention was to occupy the space and make it my permanent residence, however my fathers health deteriorated shortly after I made the purchase, which is why I made the decision to stay with my parents and try and rent the apartment out, rather then sell and take a loss.