This method won't increase my monthly cash flow much in immediate future, but as loans are paid down and hopefully appreciation occurs, my overall situation should improve dramatically. 

In terms of "best" measure of return my favorite is equity multiple as its very simple and straight forward. 

Monthly rent increase for that unit is $200. 

Again, a simple fix can be updating the faucets in both the bathroom and the kitchen.5.

As foreclosures increase, more rental units will be required.http://www.deptofnumbers.com/rent/us/

Almost like a really simple business plan.

I am looking to get a 30 year fixed mortgage shortly (construction to perm to be exact.) and am trying to find out the best way to file 2016 taxes to increase chances of approval.

Even at $50, thats $50 x 78 units = $3900/month x 12 months = $46,800 in additional cash flow above the increase we were already shooting for.  

Previously my daughter rented out rooms so we had a simple residential policy.

I will have to admit that i have thought back many times to before i was married and had 3 kids that if i could have done it again that would be what i would have done.Condos could be good could be bad... the thing you want to watch out for is the association and how often the increase the dues... they tend to cut into your profits.