I did some work on updating the bathrooms, paint and refinished the floors.

That would essentially mean you are buying them for approx 50% of ARV less costs?

Purchased this property on 9/21/21 and had the entire interior painted, granite counter tops in the kitchen, laundry room and bathrooms, resurfaced the hardwood floors that were being hidden under the carpet.

1. is the guy that takes a shower in your bathroom every morning.2. is the guy you see brushing his teeth in your bathroom every morning.

The conservative way to budget Capex reserves is to look at estimated remaining useful life of each item: roof, siding, windows, kitchen, HVAC, water heater, bathroom, fences, gutters, chimney linings/tuckpointing, foundation items, etc, and assigning a replacement cost divided by remaining useful life.  

That unit has 6 bedrooms, 2 bathrooms.  

Since they are on the same parcel that essentially enables you to rent/own both in one.

@Tim Duggan just remember you’re essentially going to be suing yourself.

If you chose to reinvest that money you should be able to make it make much more than $800/month.An alternative approach if you strongly believe that future value will be much higher would be to harvest the equity and keep the property, but the new mortgage would essentially destroy your cash flow. 

Remodeled one unit in it's entirety including kitchen and two bathrooms and landscaping in the back yard.