However, if that was not the future plan I would vote for #1 as others have indicated. 

And now you are getting desperate applicants, who are willing to accept it in it's condition/location for what you are asking, because they are desperate.A low score indicates a large default risk, meaning you are not going to collect rent and on top of that may have to spend money on evictions and repairs. 

They were very unhappy, indicated I was heartless to suggest remedies that would likely displace the son and leave him with no place to stay, never mind their own disregard for the lease agreement they signed.   

You need leading and lagging goals/indicators. 10,000 calls may be a great goal but if the lagging indicator is that brings in $10,000 where as going to five REIA events is a goal and brings in $10,000 which is better? 

Cold air coming in around heaters, counters, or mechanical areas can indicate gaps in insulation or sealing that affect comfort and energy efficiency, so it’s worth inspecting.

This is NOT being marketed as subdivided — just something I explored:The city indicated that the lot appears to meet current criteria for potential subdivision (R-1-C zoning, corner lot, frontage & depth meet requirements).No promises made — but it was interesting to learn that a majority of nearby lots don’t qualify, and this one might.Question to the group:For experienced investors/developers — would “existing home w/ potential for income during entitlement phase” be seen as added value?

Effort compounds quietly and then shows itself later, sometimes all at once.It’s easy to look at early wins and think things are finally clicking, but those wins are usually lagging indicators.

Focus on high equity properties, absentee owners, and motivated seller indicators (tax liens, pre-foreclosure, etc.).

That would be a huge indicator in excluding salaries or funds needed to run day to day operations.

They can also help guide you in building a Scope of Work to get a clear/better indicator of your rehab costs.I have a map I built that I can share with you that highlights the best areas to invest.