The building has 29 rooms (5 1 bedrooms, 15 efficiencies with no kitchens, 9 single rooms that share three bathrooms, a bar and a deli and is 10,000 square feet.

This area also could accomadate a master bathroom as well.

But the more i look at this renovation i am on ,we overdid it with high end finishes (stainless, granite, tile bathrooms).

I purchased a FSBO 4 bedroom/2 bathroom single-family home for $180K earlier this year, paid $5K in closing costs, and put about $10K into the rehab.  

Home had prior back-up issue (and the damage is evident in the basement bathroom baseboards) but they added a sump pump.  

Due to 115 McClellan having an extra bathroom (.5) and 122 Fernon's time on the market, we came to a conservative retail value of $230K-$240K.

Same with the two bathrooms.

(Kitchen and bathroom will be cosmetically touched up before the first tenant is placed).

Typically, kitchens and bathrooms will give you the best return, but each market is different, so some background work is required.4) If you do not have the time to list the properties, why not use the friend for a discount, but as Jacob said, that is assuming he is good.

Negotiating hall bathrooms cooling is trick, electric base for heat is easy to do to but negotiating cooling there can be a bit tricky but there are split zone ductless units that can handle this situation.Googling 'in wall HVAC' or 'in wall hotel style ac' will get you plenty of retail places that will match the supply house price a non tradesman will get.