If you're a medical practitioner (Doc) I imagine your bank will be happy to work with you. after you get an asking price, go to the commercial loan department and they can lead you through the motions.

I plan to attend the appraisal and use that time to make a material list for the smoke detectors.

A few people counseled me to create a goal for what I want out of real estate and set a plan in motion.

We're doing one "slow motion" rehab...getting ready to install a kitchen soon, and a roof in the near future. 

Check all the smoke detectors on a regular basis.

I have security monitoring through a company  that uses the Qolsys IQ Panel in conjunction with Alarm.com, and this works as a Z-wave hub for multiple products including security, wifi thermostats, electronic locks, lights, smoke detectors, carbon monoxide, freeze detectors, and more in the future I'm sure.

I need to know what the steps are to put the wheels in motion.

IRR is far superior in its ability to account for leverage and the motions you have to go through to calculate it force you to have a deeper understanding of how the the money flows through a property.However, the biggest problem with IRR when looking at Real Estate is that so much of the estimated return is based on your exit valuation, which depending on what sort of real estate you are involved in, can be absurdly difficult to calculate.The important thing isn't to decide which metric is better than others, it's the ability to separate out your revenue, expenses and cashflow to see where all money goes.  

My day job is as a motion graphics artist.

This development was started a year or so after the downturn (wheels were set in motion before then) and it has for the most part sat idle for a # of years.