Use that cash to clean up whatever needs to be cleaned up and educate however you want. 

Be willing to learn new things, especially when it comes to cleaning or fixing anything in/on/around a house or apartment.

I go in clean and paint and I can't do that with a tenant in there, so maybe you only lose 1/2 months income.

This gives me the opportunity to clean up, do some reno and I should definitely be able to get better rent. 

Rented one for $625 to a regular tenant renting the other one for $550 to a person that will use it as an airbnb (I'll keep everyon posted on this)We did some fixes to the 2 non-remodeled not as heavy as the others (painted walls, fixed things that were not working) rented one at $695 all bills included and have a potential lead at the same price.

Also I’m guessing the PMI would be higher and it will also be harder to refinance after 1 year or more to get a regular 30 year fixed to stop paying the PMIAnyone has any experience with this kind of loan?

In either event, understand you will need capital to clean up all the deferred maintenance.I personally wouldn’t move forward because of not only the current problems, but the hidden issues that have yet to be uncovered.To your success!

I would write it directly on the leases that if they do not keep the property reasonably clean, they will be asked to move.   

Ideally a regular loan refi rate will be much lower and amortized over perhaps 15 or 30 years to ease cash flow.I advocate a different approach since I have seen investors be successful with it.

They also paid the rent up until the day of removal and then left me the deposit to handle cleaning.