Potential Middle Ground: Consider Renovating: Instead of selling, you could do a light renovation on the older property to increase its value and attract higher rent.

I'm sure the energy at those events is on another level. 

Thank you all for the energy and effort you put in here. 

Thanks for the update @Scott Michael GrossI'm getting a bit more traction with them and I think I see the light at the end of tunnel for getting the accounting issues fixed. 

I too usually tell people to start with more of a turnkey property or a light cosmetic rehab.

You can put less money down (allows you to put money towards more properties), live in the unit for a year, add some light renovations, and refinance.

White is also still popular in flips due to buyers being able to change it easier upon closing or if lighting is poor and the space needs to be brightened up.  

My biggest tip would be to attend in-person meetups; we actually have one coming up this Saturday if you are free: https://www.biggerpockets.com/forums/521/topics/1209859-lear...There is something about meeting like-minded people in person that really seems to create a positive energy. 

I had read 50% is a fair number to use for calculations which would raise the NOI by, drumroll...15%, but this is purely speculative) and perhaps the funds or energy to go through an upgrade if they're looking to get out of it anyway.

We signed up with the HERO program through a contractor called Elite Home Energy.