"LUCK" if we are talking about a lower economic person all things being equal they come from the same tenant pool.

Absorption rates of competitive office space may not immediately reflect quarterly total job gains or losses, but it is prudent to consider longer-term economic and demographic performance as influential upon current occupancy levels.

For example, it's not uncommon to see a whole Asian family live together for a long time and essentially using group economics to start up family run businesses.

I would agree with this - its probably too soon / not economical to do a cash-out refinance at this point - options for freeing up equity would probably be best served via HELOC or something to that effect

If so, what are some good appreciating markets with good economic growth and safety?

Three units to maintain.Although I need to do the math, scenario 1 strikes me as more economical as there are shared costs gained with a multifamily property.

Or he just added new units.  87.5% full from a unit, economic or sq foot standpoint? 

There is lots of economic development in Grand Rapids and it has a diverse economy. 

Over 90% Economic Occupancy.

If you are having electrical work done, you tend to get better pricing for a larger job so adding on this work is more economical at that time. 6.