Not a GP attorney but a specialist.The attorney will cut through the crud.

Get busy with permitting (things like getting permission for the driveway cut-in from the road, perk tests, maybe septic design.)

Don't invest the full 100k, cut your risks, maybe 70-85k to lower your payments.  

This gives you the ability to search via your own criteria and cut out any middlemen. 

If done correctly (with windows, nice stone finish material, etc), it could be an architectural asset as well.With some proper professional landscaping (maybe also cut out a planter along the side of house), and addressing the driveway issues, that should eliminate the aesthetic liabilities and give you an amazing amount of curb appeal.There are other possibilities for completely redesigning the approach to the entry (straight off the front with a right-angle landing and a gabled portico), but would involve a lot more demo-ing, building, and expense.Similar to this:http://www.houzz.com/photos/17493/Becker-Architect...

I like to see cut grass during the summer, raked leaves during the winter, and I especially like if they have taken the time and effort to plant shrubs, plants and flowers.

It looks like you have your work cut out for you.

And I agree with Bryan that a lot of folks simply don't understand these metrics or are apprehensive about the math.I've got a couple of recent articles where I discuss in detail why I think this type of financial analysis is important, and the issues I see with some of the short-cut alternatives.

Here, the lender takes a cut of the profit as well as interest payments.

How do I cut my bill down, or encourage tenants to throw away less?