In both cases, the mold was limited to a kitchen island on a concrete slab.

Get some barstools for that kitchen bar9.

We plan on doing new floors, paint, appliances, painting kitchen cabinets white, granite counters, new light fixtures, new vanities in the bathrooms, and landscaping.

That's ridiculous.To avoid using the actual property addresses:For the brick house, if all the work was done correctly, and the house was fully updated, (including everything like kitchen cabinets) It'd probably be worth the price you have above. 

Both have newly renovated bathrooms and kitchens.2 bedrooms in Bayonne - no laundry in unit or building1 bedroom in West New York - combo laundry in unitNo parking for either.I can potentially live in either.

If it was just insulation, Sheetrock, paint, trim, doors, floors, kitchen, baths, and then finish it out, $60k should cover it.

One level living with a large modern kitchen, Gorgeous hardwood floors through-out, High end Tile, Cabinets, Granite...

For example, in my market I know that:Total gut rehab with both exterior and interior work will run me on average $60/ft for a rental and $70-$75/ft for a nice retail flipTotal gut rehab with only interior work will run $40/ft for a rental and $50-$55/ft for a nice retail flipCosmetic rehab for a rental will run around $20/ft (baths, kitchens, flooring, etc)If I look at a property older than 40 years and it hasn’t been updated in decades, it’s a definite gut job (have to tear everything down to the studs)Etc etcSetting up these “rules of thumb” will massively speed up your deal evaluation process, while preventing you from making costly mistakes.Go through this exercise one time and you will make massive progress in your ability to estimate repairs and value deals!"

If I hold it, I can increase the rent to $1,200 but I'd have to do a kitchen remodel and other repairs ($15k)Self manage, but hire out leasingFind new insurance.

The condo's kitchen and bathrooms need quite a bit of updating before we can start looking for a tenant to move in.