We also serve as owners reps assisting in making sure the owners interests are represented for construction/ renovation.

Maybe First come First serve instead? 

Hey Bigger Pockets Family, This is my first post on the bigger pockets forum and it is going to serve as an introduction.

I’m trying to explain that our money would be better served going toward our next rental, since the rate is so low.  

You might have to cut around the brackets and fill in with floor leveler if you can still feel the brackets under the Luan.Def: Luan is a type of hardboard plywood that commonly serves as an underlayment for different types of flooring, including resilient vinyl floors.

If you calculate this DSCR, and it's 1.2 or higher, you'll have a better chance of getting a private lender interested.Honestly, though, as a new investor if these truly are two great deals with solid financials, you might be far better served wholesaling them to an experienced landlord and just collecting a wholesale fee.

I heard that it's important to still be serve a pay or quit notice ro start the process for later when I need to collect all the back rent, but I don't want want to antagonize him. 

When I am unsatisfied with a purchase, the manufacturer may offer me a gift... they are trying to "improve the relationship" because it needs improving.If your professional relationships with your tenants need improving then you would be better served by retaining the cash and putting it toward capital improvements, a more responsive repairman, pre-emptive maintenance...If, on the other hand you are so filled with gratitude because you have these cash flowing properties, your coffers runneth over and you feel like you stepped in sh*t, then spend it on your family.

I will listen to a tenant's tale of woe and am genuinely sympathetic...while also serving them with a 5 Day Pay or Quit notice. 

Don’t expect the listing agent to have both your best interests and the seller’s best interests in mind, as it’s impossible to serve two masters.