rehabbed the trashed studio into a 1 bedroom, made repairs to broken exterior staircases, coin operated laundry room, and fixing up the garage for extra income.

With a projected 5% vacancy rate, and 10% factored in for annual operating expenses, and a conservative $800 per month rent, I'm still calculating a Cash on Cash ROI of 19%.If possible could you provide slightly less subjective feedback, and share with me what you think an acceptable cashflow should be. 

More to the point on this though, was that his dad made some very shrewd investments including buying the building he operated his practice in.

Year-end comes and the CPA will be spending countless hours to fix the financials and bill a huge amount for the work without a reliable person to speak to on what went on during the year of operations.

I just want to make sure I’m doing the right calculations.. for the cash on cash I’m doing the annual net cash flow/ total cash investment times 100 and for the cap rate I’m doing net operating income/ sellers price...Also what would be a good cash on cash return and a cap rate ratio

Currently it is operating as a 18 unit motel (11 units + garage/storage area in one building, 7 units + laundry facilities in second building).

Usually, it's forming a Texas LLC with a customized operating agreement.

I would like to rent the other unit to someone who operates an assisted living facility.3 Bedroom2 Bathroom 2 floors Where do I go to find assisted living facility operators, who are looking for a place to lease.

Talk to your CPA to confirm but those expenses you mention are all considered Operating Expenses and can be  written off,....not sure about the PMI though.

Also, in your experience with commercial lenders, how much of a seasoning period do they look for once you get the building turned around, and operating at the higher NOI for before they will allow a cash out refinance?