Combining a number of these to reach your goal is how many investors have jumpstarted their portfolios. 

The backup plan was to still add the kitchens and combine some of the units so that they were more apartment like.

I have 200,000 in combined equity on my properties.

It has to be a combination of both.

When the combination of education, opportunity and being backed into a corner.

Combine all of those things and find the market that will generate those numbers using one of the strategies I like to use.

>4 units is usually different lenders and that's small for a comm mort broker.As of now, we could either combine both the properties and get a blanket loan or have them separate.

The building is currently a combined residential and commercial rental property. 

In fact, a number of exchangors made a business of acquiring cheap, mostly useless residential lots (those with no utilities and about 30 years from any hope of development) just to put them together with some $ and trade the combination for a income producing property.

They’ll be insured on a BR form which may cover some combination of the actual cash value of the existing structure and the replacement cost of any renovation.