I didn't want to renew in the first place because I can add a little more to the unit and command a higher rent. 

Biscayne Bay facing typically commands higher prices for the views but limits your ability to dock a boat.

Notes done right will do better and will have that command and control folks like.

This should produce a value, or value range, representing the price the property should command in comparison to recent sales of comparable properties.   

I know I'd get the jitters LOLIt could also work out in your favor - If the stuff isn't old or worn that bad, you could offer to buy the furniture off the family at a very good price and then advertise the place as furnished, which could command higher rent.

The top unit is a 2-1, approx. 1100 SF, commanding $1095 median rent for 2 BR, or $1300 for 3 BR (rentometer figures).

A quick update/re-splash of the units should command higher rent, therefore increasing cap rate.

While it's legal to fix and rent as living space, they added the basement unit to the 2nd floor 2BR/1Ba apartment so they now have a 3BR/2Ba apartment, and in this market, commands almost $1,000/month rent more than a 2BR/1Ba.

Once POF is submitted, cash offer is in command.

Being so close to a college and downtown area I should be able to command at least $700 per unit.