Leave it capped.

@Daniel DangWelcome to Bigger Pockets,You’ll find plenty of friendly, knowledgeable people willing to help respond to your questions.There are a few self-contained guides that you can access here: https://www.biggerpockets.com/guidesI really like the alerts feature that can quickly guide you to current topics that might interest you: http://www.biggerpockets.com/alerts

But at face value, the three currently rented units produce $2095/month in net income, so it seems like the cash flow could be great, but then when I plug everything into the calculator tool on BP with 8% vacancy, 10% property management, 10% cap ex, etc, I actually end up with a negative cash flow. 

RentRedi also has a background/credit check feature, and the applicant is responsible for the service fee!

With $100k total invested between down payment and renovations, it now cash flows $1,850 each month (after PITI and cap ex etc).

I will be self managing from San Diego and once all the units are turned over and brought up to market rent within the next 18 months, I aim to cash flow $1,666/mo with 10.9% CoC and a 7.86% cap rate (calculated from the beginning purchase numbers) .

I again took funds to 1031 better cap rate smaller homes in a portfolio purchase that had tremendous equity and rehab potential. 

The estimated ARV on 8% cap rate for this building is 1.4 million.

If you have the $, features like extra wide doors to get a wheelchair thru, roll in shower, tall toilets, things like that can make it safer for everyone at some point. 

Luckily, this building has no rental cap.