With this, along with shifting the utilities to the tenants and reducing the management fee to generate an NOI of around $103k, I'd estimate the value around $1.8M to $2.0M

The replacement shelves were ordered individually, I was charged the initial inspection fee to tell me the shelves were missing, the cost of the shelves plus markup by the PM, and $67 an hour to "install" the shelves. 

As much as I'd love to rehab the properties to boost the ARV (which was the initial goal), funds are tight right now to do that so as-is is the way for me to go.Absolutely.

We hired a internet marketing person whose business consists exclusively of real estate clients who redesigned our website, initiated a program of SEO and social media marketing aimed both at deal flow (real estate borrowers and mortgage brokers) and capital (passive investors).4.

They are designed particularly with mother-in-law or next generational living in mind.

The one that's short term and don't cost me a lot to initiate/originate.

I signed the contract mentioned above, that initially said no closing points to lendbase when we find a loan.  

Sometimes, there is also a tenant already in place which means you can start generating rental income from day one.

Is it better to keep adding equity by doing work on the houses while I'm renting them then refinance to recover the initial down-payment to reinvest into another property or to pay down the heloc?

@Charlie Hardage, how is paying down the HELOC better than paying down the initial mortgage without the HELOC?