Although I agree with the comments that BRRRR'ing is going to provide higher returns, that's always true but not always practical (I'm OOS).

But to sell and get almost nothing in return, doesn’t sound like a great plan Keep them as renters at current market rents for as long as possible, then get new tenants when they move out.

The "problem" is that the returns are less than something that is 3-4 bedroom and caters to families and tenants with subsidies.

Dealing with properties 5hrs away causes too many problems for not enough return.

(supply/return)? 

By Comps or by putting in successive prices for the properties until the analysis s give me the monthly cash flow and Cash On Cash Return I want OR have a RE Assessor do a drive by assessment?

@Chris T.Yes, discuss the matter with your custodian.In all likelihood, they will need to have the money returned, and a new set of investment paperwork submitted for any future transaction.

If you get an accept offer, go into DD, find out if the utilities need to be repaired or replaced and adjust your price based on your options (full replacement, pipe bursting, patching, ect) to get you your required return.

By our figures from the other 25 rentals we have in the area, we should each be able to make a 9-13% return over the long run when figuring cash flow, loan paydown, and 2-3% property apreciation on average.

However, I don't think the return on this kind of project will be worth it to a lot of people. you never know until you ask though