Can you shed more light on why you need this money?

That extra cash flow isnt safety, its the market signaling with a big red flashing light, Risk.

What would be the price ranges of Class A, B and C properties in your markets of move in ready or something with light repairs (where a buyer could get a conventional loan, not a distressed property)?

Tread lightly.

I don't know the city well, but seems to be light on demand drivers other than Baylor University. 

If the property only needs light cosmetic updates, 3 months might be doable, but for more extensive renovations, it’s going to take longer. 

Add outdoor security cameras (just let guests know they’re there) and maybe some motion-sensor lights for extra safety.

First impressions matter and presenting a property in its best light can attract potential buyers and increase its market value.

I have the contractors in my network so I feel a light rehab would fit well for the first one. 

Poor lighting.