You'll need to put up 150k plus closing costs here to close on this deal. 

@Trey Onufrii It's tough to say which one is the better investment without more details, like - cost of each parcel(s), are there utilities close by (especially the Jomax site), what's the terrain like on the hilltops? 

Sell your condo

Should we sell these condos for better cash flow houses or try to find owner financed deals?

I'm not sure the cost for the kitchenette install with rough in work but I have great relationships with my subs and historically keep my reno costs down. 

Hey Manas,The Tenant Improvement (TI) allowance is typically negotiated between the landlord and tenant and is used to cover the costs of customizing or renovating the space to fit the tenant's needs.

In our opinion, an investor should only work with agents that meet at least one of the following:1) Own rentals themselves for at least 3 years, at least one of them they bought below market.2) Have a 3-5 year track record of rental transactions, that they can document.3) Know how to calculate 1% Rule, ROI, NOI, etc. and demonstrate how to actually apply them to assist an investor client.4) Have access to tired investors selling their rentals.5) (what can you add here?)

I am a big believer in configuring over customizing  to keep the maintenance and operations simple and low cost.   

I have about $100k available for down payment, closing costs and I'm hoping to have some left over for reserves.

Putting some money down will help you reduce costs..