In my case, I will probably sell off a couple rentals, transition most of the others to property management, and invest the cash flow and capital gains into larger syndications (at least for now while mykids are young and free time is at a premium).

Prices are at a premium in the New Orleans area, although we are starting to see a bit of a market correction in Orleans Parish as prices are down for the first half of 2017 in OP. 

Look to see if any other rental properties have finished garages and if they pull a premium in rent.

It's gotten to the point where there's a bidding war among these companies and our asking price is at a premium to other sites in the area.

My heart was going 123144565465645 beats per second at that time.I am going to rent this house, and then refinancing again to repeat the process (BRRRR), and the numbers of this property are like this;Sales Price: $97,500Buyers Premium: 5% of sales price = $4,875Cash to Close: $102,375.00Appraised Value: $135,000Personally, I am more than pleased as I don't have to do practically any repairs, I bought at 75% of value, the area of this property is growing at an accelerated rate,  and it is in a great location making it an easy rental.

On our cosmetic upgrades, we spend about $5000-$7000/unit--and I would bet the premiums are very similar vs if you did a full gut rehab. 

It has a higher premium due to higher injury risk.

With fewer options on the table those looking for OF will pay the premium.

I am ok with that premium but $185K?

I find that option to buy tenants will pay a $100 to $150 premium in the monthly rent amount.