Ultimately, it's about ensuring the property remains attractive to tenants and maintains its market value without pouring money into upgrades that won't pay off.

Do not price it at the highest because it will attract less people.

Another might walk in and see how color changes, sidewalk appeal or a host of other minor changes make a property attractive. 

Not sure the best places to leave business cards to attract potential motivated seller leads. 

With that being said even if we were able to find an attractive refinance opportunity, would it even be worth it when factoring in all the fees associated with converting it?

Part of the attraction to me is that this property appears to need extremely minor upgrades that will be done prior to purchase.

I was wondering if giving not exactly 10 but something on the high side would attract someone to invest with me:)

You're not going to get an attractive 30y amortization loan if you're using multiple properties as collateral.  

In three years it could pay for a new furnace.Landlords that charge market rate, or close to it, have money to maintain their property, which attracts better tenants that pay more and stay longer, which produces more money to maintain the property...and so on.You can't afford a vacancy?

Fix and flips/holds are in areas that people aren't looking, yet have the important properties to attract population, industries, etc.