The details of A and B are as follows:Property A-------------Selling Price: $100kNOI (Rents minus Expenses excluding Debt Service) = $8k.Cap Rate = 8%Property B-------------Selling Price: $234,124NOI: 26kCap Rate: 11.1%This tells you that Property B is a bit better than Property A because you will make approximately 3.1% more ROI annually, excluding Debt Service.

I'm tired of being broke and barely living.

When fixing properties, I do not want to just fix bare minimum.

-Get a non-FHA mortgage, pay the recurring PMI at first- knowing it will (hopefully) go away after I've built up 20-22%+ equity in the property.Assuming consistent PMI costs and interest rates between options (before &/ after refi), the only scenario in which I can see the second option being more beneficial is if I had put enough money down to hit that 20-22% equity level within the first 12 months.This seems implausible due to mortgage payments barely paying off any principle in the first year, not to mention I'd think the only way I could attain that level of equity so quickly is if I had put down 15%-18% initially, which virtually eliminates the benefits of a "low" down payment.I don't have any specific properties, institutions, or rates in mind, and while I'm sure these questions would be more easily answered on a case-by-case basis, what are some considerations I may be overlooking?

if you're paying a flat rate and not by the hour, they should not be asking for extra. like you say, there will be times it takes 1 hour because it was a couple that was barely there and didn't use the kitchen etc. and there are other times it will take 3 hours because the people were messy (happened to our place yesterday). but if they're charging a flat rate, the price is the price. if they continue to ask for more money each time, you should find someone else, even if you are a few hours away. 

The already recovered, the barely recovered, or somewhere in between?

Family member of mine has been renting out her first home (2 bed, 1k sqft) to a young doctor at KU med here in KC for the last 3 years and they barely see her.

The go in to do a bare minimum rehab to get it rent ready and lease the home for 3-10 years while the areas are appreciating.

One house at 100 per month will barely pay the gas it takes him to drive back and forth.

The property barely needed any work and had two units rented.