But, what about changing all the outlet and switch covers so they don't look like crap compared to the freshly painted walls?

From my own research comparing Oklahoma City and Kansas City, I think the market is more stable in Kansas City.I was looking at rentals in Oklahoma City this year, and I thought the fundamentals prices were getting expensive.

Comparables would be your starting point to get feel of the value.As to selling, you could also consider co-wholesaling with somebody who has an established buyers list

Low income folks do not have credit to protect.Good screening is key to low income success, but there is still an element of rolling the dice.  

The first building was inherited and is under my name, it should assess at 1.5 mil based on comparables.

I'm getting a little confused about how to handle finished basement sq. ft. when comparing properties.

Hi Grant,1) Regarding the ARV, look at properties comparable to yours (GLA, age, br/ba, lot, location) after they have been remodeled or" flipped"2) Running numbers on multiple potential deals, you will learn quickly what is a good deal and what's not.3) I would think so, so shop around.4)  I would call title companies in your marketplace.I hope that helps!

Compare the two and look at the similarities or differences.Is there a healthy mixture of majority and minority people living in the area?

Wondering how typical rates compare between HELOC, Home Eq Loan, and a conventional loan for income property? 

For a true indication, check local listings for comparables.