They have a $5mil builder loan for a 20 unit townhome community they are looking to refinance.

So on a 3br unit where all the utilitites are included in the rent aand paiid by the landlord, you can expect to get up to the FMR as the rent for your unit. 

Our options are to put the money the stock market, buy a multi-unit property, by an established business, payoff the 3 rentals for cash flow, or get into hard money lending.

My husband and I own a rental unit in a condo building in Jacksonville, FL.

Real-estate Rookie here, I am going to try to make this as concise at possible.There is a mixed commercial unit for sale in my market that I have had my eye on for awhile.

They have a 3 bedroom unit coming too. 

@Ken M. rents are softening in the places that have had a lot of new units come on line.  

How much money per unit to refit for a new tenant? 

If have investment property, we are looking for relatively updated units (we are ok doing some work ourselves), class C+/B tenants, with rents either close to market rate or that can be increased.

(It was Hollywood and everybody has dogs)2) Somebody tried selling the appliances that came with the unit which included the fridge, dishwasher, stove & microwave.3) We were recently affected by the fires and had to evacuate, some tenants refused to evacuate even after police forced them to because they were "tougher than the fire".Have you heard of those horror stories about tenants completely trashing apartments and feces all over the apartment?