Unless you are in a very dense, high traffic, preferably walking area, the 2nd floor will have functional obsolescence.  

Am I being unrealistic on my analysis, are there other things I should be looking for in my analysis or am I just being too impatient?

From the original locals who can't understand why a house would cost more than 100K to the Vancouver commuters and more recently, the increased Asian interest.For myself, I enjoy it as a Vancouver Suburb - downtown vancouver is only 15 minutes away on a float plane but there's no traffic and the R.E prices are 2/3's lower.Aurther - I'm not sure if you've got a plan of any kind set out but I agree with the other folks you'll probably need to build or grow into that sort of generation off of the 100K. 

I cant get myself to move to the outskirts of LA (still paying 400k and up) because the quality of life just isn't great when you have to spend 2-3 hrs a day in traffic. 

Here what I need:-comps and an estimate of ARV -email alerts on new listing in my target market-cash buyers -buyers looking for fixer uppersWhat I offer: -refer FSBO leads that I don't buy to agent -finders fee paid after closing on a lead generated from mls email alerts -commission paid after close on house sold through agent listing -if house is sold to a rehabber will recommend agent to rehabber for use when ready to list.The way I see it this generates a good amount traffic for the agent.

The seller of the house is getting very impatient and we don't want to lose out.    

You miss a lot of bilingual traffic by only targeting English.Hope that helps!

Tile looks expensive and holds up well to traffic and liquid but breaks much easier than you think.

You could get both small and big foot traffic carpets.

I'm getting traffic but no offers yet.