Why wait a year or two?

Usually I use trieagle and request a month to month plan and have the power on a day or two after the tenant vacates.

I find it more helpful to track on my total cash into the deal (inclusive of furniture, amenities, etc), so cash on cash and monthly net cash flow are the two metrics I find are most informative when I'm looking at a purchase. 

Quote from @Blake Van Ness: Looks like two 2x4s put together.

My question what the best value would be between the two. 

There's already two million of them.

Originally, these two units were leased to two different types of business.

I have a three unit building, but one unit needs to be remodeled the other two have been renting out for the past few years.If I spend X on renovating this apartment to get it ready for rental will the cash on cash return apply ?

If 3 properties are a bit too much to handle right now, you could sell one and focus on the other two like others have mentioned. :) 

Most of the homes come with a one or two year warranty so we set it up so that they can communicate with the builder directly to handle maintenance issues.- Taxes are usually much lower the first year.