You can also create a basic scope of work and get ballpark estimates from contractors or use cost-per-square-foot averages for your area.To determine ARV, look at recently sold comparable properties in the area that are similar in size, style, and condition to what your property will be post-renovation.

They can change terms basically at anytime before closing for non-owner occupied - is it good for the reputation - absolutely not - but it does occur.

If you sell property 1 you’re basically paying off a 3% mortgage.

It will familiarize you with the basic terminology and benefits.

Quote from @Nicholas Dillon: Basic math on a napkin.When you cash out the equity, you borrow it from the bank.

It seems like it basically up to you to do the math on how much more you will potentially make selling each unit individually and then deciding if that extra $$$ is worth the number of extra hours you will spend.

If you are 75% complete rehab you are very close to ordering furniture IMO.3 - Look for safety hazards - i.e. uneven steps etc.If your time in town is limited I would focus on these 3 areas.  

The deals that I am doing right now though, I am basically getting the land for free, and building on, refinancing all the cash out at the end, and keeping the rental for basically no money into it. 

Basically completed just needed some clean up from construction, so to be expected. 

So they basically did rental arbitrage on your property for 7 years and then walk away.