And I picked a bad apple. - Had 1 contractor lined up originally but didn't have that funding for that kinda of reno upfront.I will definitely keep that in mind going forward with those contractors! 

Essentially though, it's apples and oranges.

$8,500.00-Permit -Inspection -Labor -Materials -Balance -Wire Apartment to code 15-4 inch color change LED2-Pendant lights 1-LED Bath Fan -Cat 6 Ethernet run -30 amp electric stove -Heated Bath floor (floor heat supplied by other)2-USB outlets 3-Dimmers -Outlets to code/ outlets or switches on brick wall to be in EMT conduit -Tv outlet -Smoke detector -1 wall accent lighting (fixture provided by other )Hallway-6 - 4inch color change LED-Hallway outlet -Hallway switch -Hang chandelier (provided by other)-Add remote switch for chandelier

I would say with 95% certainty you have a bad apple.  

So for me, that is one of the big differences or benefits of investing in the real estate market over investing in the stock market.Without adjusting for risk (including illiquidity), it’s comparing apples to oranges.

Since it sounds like it's in the path of progress (even with the bad apple next door) I would put 1-2% depending on the age.I also think that the Capex estimate is low.

Hard to compare apples to oranges as every market is going to have slightly different rates for contractors and possibly materials.1.

Don't let one bad apple spoil the bunch. 

"I have 3 apples.

Put a TV on a timer.