The speaker will not acquire properties in similar condition again and plans to rebuild them from the studs, contrasting a potential $1,500 rent with a planned $700 rent after making it safe.
"And we're never doing a property like this again on a new acquisition. We're going to tear it down to the studs and rebuild the whole thing. But hey, instead of renting it out for $1,500, make it safe and rent it out for about 700."
