While trying to do my best to not bleed too much in the process of rehab, I am trying to figure out 'how I can refinance it for 75-80% LTV of ARV, right after or as quickly as I possibly can?

So during install the laminate will chip in corners and is water sits it can sink into the grooves and swell up the flooring.

That leaves you with an exit strategy of selling to another investor who has you over a barrel while you are 1800 miles away and bleeding money every month.

As you acknowledged, you wouldn't be able to rent both units without bleeding money each month and you wouldn't know how long it would be before rents increase enough to put you in the black.  

Just let the accounts swell and become cash rich in the short term to prove that you have the foundation to pay off debts if a few go vacant at the same time. 

Much easier when tenants leave, cleaner and if oil runs out and tenants refill; you don't need to bleed the line if the units are gas.

Once the veil is pierced, the issue is then will the independent series hold up and stop the bleeding.

We just wanted to stop the bleeding, per se.

People who have solid jobs, good work history, good credit, good rental history and no criminal history tend to be responsible people, where that responsibility bleeds over into all facets of their life.

Gross rental income will be about 27K per month after they are stabilized and net rental income would be in the vicinity of 12K net per month after debt service and expenses are paid.The biggest current question mark I currently have is:- Is buying class C properties going to be too big of a headache and ultimately bleed us financially?