If you are in a lower price range, tenants may have a harder time buying their own fridge but the rental market is really hot right now and I would expect that you could easily rent without it. 

In other words, if it looks like a typical finished basement out here then expect the lower number. 

By May 2019, I expect the building to be 100% rehabbed earning an NOI of $55,200 with a Cash Flow of about $1,600 per month (after PITI, Vacancy, CAPEX, etc.) and a CoC Return of 57%!

Yearly rent increases even if minimal are good for setting tenant expectations (of course the market has to support it)

Realtor wants you to carry the note, AND expects to earn double commission? 

Between the high monthly fees, non-warrantable status of the building and competition with the hotel what kind of return can you really expect to get? 

You can find out right now what to expect.  

After a year of managing the property, I know exactly how to manage a property in market and I know exactly what my operating expenses will be.Your first deal is where you will learn, so expect to take some calculated risk.

You should set your expectations that you will get rejected much more than accepted because of the seller's mindset that they will get what they want for the property.   

I'm in the process of completing renovations and upgrades, and by the time I'm finished I expect to have just over 20% equity in the property.