I would also spell out the remaining lease term and that you expect the monthly lease payment of X dollars on the due date of every month.

Super simple and we get NO midnight phone calls about clogged toilets or broken water heaters!

Now it is in escrow and expected to close in May. 

With the competition as high as it is right now, I am not expecting to land a deal right off the bat.

Id expect 5.5% to 6% for non owner occupied mult right now.

Previously most commercial deals were put out via LoopNet; but with this new rollout, we can expect to see a lot more information on Commercial properties in the area available. 

If you're ready now I'm currently selling a very large 2 family(12 bedrooms total 5 and 7 per unit) thats in good shape and is getting over $3,000 a month in rents currently right in your expected price range.

You have to give us a little more to work with if you expect real answers.

I was going to put about $20k into each unit hoping to get about $1100/unit/month expecting the value of the building to be about $425k after renovation.

Visiting the properties will also give you a sense of what to expect on properties coming in the market.