We still have ample funds to complete the remaining units as well as improve the curb appeal.

@Vince Kirk what is it about real estate that appeals to you?

Their decision is final unless you appeal to a higher court of law in the State where the site is located.

The 3BR unit is completely renovated, I plan to add a 1/2 bathroom so when I rent out it will be more appealing to a family.

It's very expensive and nice wood, but should probably be painted.I think if you went more neutral you'd have more mass appeal. 

Any net taxable income above and beyond this reasonable compensation avoids employment taxes, which is the appeal of an S Corp: the mitigation, but not elimination, of SE taxes.

That has a certain amount of appeal for me.

The 7.25% cap rate is appealing of course.

This allows you to "recycle" 70% to 80% of the same money over and over and over again to acquire either more real estate, or whatever other income producing assets appeal to you (the lender will require you to leave 20% to 30% equity in the property, depending on this that and the other).You don't see this talked about a lot, compared to other strategies, since such a small % of people are in the position to be cash buyers. 

If it's not, you can appeal to the judge that did the confirmation.