We saw one that had been 'legally' converted & hidden above the bare minimum height drop ceiling was the entire garage door & mechanicals for it so I assume the down track rails were buried behind the new window trim.

You also need to have them clarify their systems for major processes, such as Rental Prep of the vacant unit; Application and Screening; Rental Document details and signing process; Late Rent process; Financial reporting and disbursement of Owner NET Rental; Inspection process pre-move in and renewal inspections; Move out and Security Deposit handling; Service call handling and examples of typical cost for replacing a water heater, toilet, faucet, per room painting, tree trimming or other services unique to your property.

It's not perfect but hope it helps.Task1Demo2Foundation3Floor/Framing/Roof4Plumbers 5Electrical6AC Guys7Windows8FEMP Inspection9Insulation10Inspection11Drywall/Tape and Float12Texture/Paint Interior/Exterior13Install Cabinets14Install Interior trim15Install Interior doors16Interior Paint for Trim/Doors17AC Guys18Install Floors19Install Electrical appliances20Set plumbing 21Install appliances22Final Inspection

Because you are not rebuilding the structure (the condo association is most likely responsible for that) the amount of coverage you need will be much less than the market price of the condo.I don't recommend estimating the insured value with a "20%" valuation, but for you to actually come up with construction costs to replace the kitchen, bath, trim, doors carpet, etc.  

The new landscaped front and back yards are lined with freshly trimmed fruit trees, rose bushes & succulents.

ARV should be around 100K.It needs tree trimming, carpet removal and re-flooring, serious cosmetics, and removal of heavy dog odor.

You'll have to add up the costs(Home removal, road re pavings, water and sewer inspection/repairs, connection upgrades, tree trimming, home purchases, OpEx, CapEx ect) and compare that you your expected cash inflows ( from either selling the homes and collecting lot rent or renting out the homes.

I'm currently renovating the property from top to bottom, new paint and trim, two new kitchens and bathrooms, and all new appliances are provided.

Usually, anything on your side of the fence can be trimmed without permission from the neighbor.

It’s just a different mindset, so if you can do clean caulking lines and American level trim work, they’ll have a hard time finding that there.