Two identical houses (same builder, same finishes, same floor plan) can sell for $150,000 in one area and $380,000 in another, more desirable area.The rehab itself is going to be almost exactly the same price (i would finish to the level of the best in the neighborhood).

This is almost identical to what I am doing with a unit right now.

3) To protect my identity on public record from disgruntled homeowners or other unsavory eyes?

They've already stole my identity and has opened up various unauthorized Paypal accounts with my name that they had access to!

Landlords cannot choose renters or buyers based on a person’s race, creed, color, national origin, ancestry, nationality, marital or domestic partnership or civil union status, sex, gender identity or expression, disability, affectional or sexual orientation, family status or source of lawful income or source of lawful rent payment (such as rental assistance from the Housing Choice Voucher Program formerly known as Section 8).

Im almost in an identical position as you but in NYC. 

They’ll make up fabulous stories of dying family members tragic medical situations car trouble health complications  job loss bank fraud identity theft ..everything and anything to get out of paying you .

Health care, 401K, 401k match, social security contribution, paid 80 hours training per year, stock purchase plan, stock options, legal plan, identity ID plan, train pass, gym membership, airport club membership, laptop computer.It adds up and not to the point yet of giving that up. 

EXAMPLE:  There are two identical properties. 

It is 1,550 per month per unit.... a place identical to mine.