I recommend "bulletproofing" your property if any updates need to be made, such as waterproof luxury vinyl flooring. 

To be ultra-conservative put a 50% LTV FNMA loan on each of these, putting $500K in your pocket.  

Now, if it is in an ultra-high demand neighborhood that is effectively land-locked, you will have more interest.  

Added Luxury Vinyl to Kitchen and Bathroom.

As a Realtor selling luxury homes and working with investors, I'd love to connect.

I am a luxury watch dealer by trade, but I've been looking to get into real estate investing.

Also it’s a luxury market and with that you’ll need luxury amenities.

People kill their baby money soldiers too soon, and they kill them by spending them on luxuries, like you describe.To me, it comes down to mindsets, the poor, the middle class and the wealthy mindset.

It’s not luxury by any means but has potential.

Louisville seems to be becoming saturated with "luxury" apartments, so my guess is that the <$1000 rents are a solid bet.