Ya I pretty much wanted to lay down and give up.

That makes the steps look nice, but they do stand out as different.I prefer tile for bathrooms since they are more at risk of getting wet and having sitting water.

Risk capital is provided by people on the GP team, so you'll need to make prospective partners aware of your need for risk capital if you're unable to lay it out yourself.1. 

However, if you're talking about flooring, tile, cabinetry, electrical, plumbing, etc... that will add up quickly. 2) Did you confirm the market rents in several ways/methods?

Your next contact, is laying the foundation, often detailing the "problem" and establishing as a problem solution provider. 

If you are early in the project, you can often scale down other parts of the renovation to cover the cost, i.e. that terrazzo tile that would have been perfect is no longer in the budget.  

Most home warranty policies would cover leaks.As far as what is acceptable, in my market (Milwaukee) nobody bats an eye on cast iron sewer pipes or clay tile sewer lateral.

Once you do have communication lay it out very simply.

Should I be laying out all my financials right then and there? 

I had a property tented for termites, which broke some concrete roof tiles.