Either combining the sales into one larger property (maybe even a newer multi-family). 

So, if you get $2,200/mo, and you are turning over every year (hopefully you get multi-year tenants), that is 4 1/2 months of your cash flow, combined with turnover averages, and if you are turning every year, you will be out $2,700, assuming you immediately find a new tenant to take over the day after the old one leaves.  

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Maybe it's possible to do it with some combination of a trailer park business model crossed with a new construction suburban development model.Like, have a few "spaces" for rent nightly/weekly/monthly for tinyhouses on trailers, and a few lots for sale/rent to permanent residents.

I am going to need financing to pay down the remainder of the owner finance and fund construction, around a total of $800k combined.

Houston is a little expensive, especially when combined with current rates but there are some BRRRR deals that can work with decent ARVs...just as a quick example, here's a ranked list of properties by BRRRR in Houston - there's a few that potentially make sense but not a huge amount of choice.

My general thinking on this question is to make the public spaces nicer and more modern.

I've been able to get a healthy combination of both cashflow and appreciation from all my properties after a little TLC.

Once you have approximately 100 units, managing them becomes more convenient with a combination of in-house staff and external maintenance.

The bathroom and kitchen are 1960s style and I plan to get some contractors to demo/rehab it to make it more modern.