You missed a lot of expense items but primarily the value of your equity. $315,000 equity, opportunity value 10%, Additional monthly cost $2625/month.With all that equity tied up in the property you have negative cash flow of $2820/year before any other expense deductions.

If the tenant fails to do one of these required things, and the tenant’s failure has either substantially caused an unliveable condition to occur or has substantially interfered with the landlord’s ability to repair the condition, the landlord does not have to repair the condition.97 However, a tenant cannot withhold rent or sue the landlord for violating the implied warranty of habitability if the tenant has failed to meet these requirements.98Responsibility for other kinds of repairs As for less serious repairs, the rental agreement or lease may require either the tenant or the landlord to fix a particular item.

Have a huge contingency line item on an older building your converting.

Buying based off of 2 years from now is dangerous. 

Contractors seem to like to choose which jobs they tackle on their time line and according to how they feel.By you segmenting the job you control which items get done first and you can monitor the craftsmanship and attention to detail of the work completed.You learn which contractors to use where in the future. 

(that's besides the point, wanting to know if anyone has been asked for these items prior to their offer being shared with the seller)

Keep in mind, when you install the fridge and dishwasher there are ancillary items you need, water lines, drain and power lines for the dishwasher, etc.

Just want to get your views on these options.Company A:Dwelling coverage amount / deductible - $409k / $5,000Personal property coverage amount / deductible - $20.5k / $5,000Loss of Rents coverage amount - $40,900Premises Liability coverage amount - $1,000,000Landlord Personal Injury coverage amount - $1,000,000Other items from Company A:Medical Payments $1kOther Structures $5kTotal Premium = $100TOTAL premium = $979Company B:Dwelling coverage amount / deductible - $498k / $1,000Personal property coverage amount / deductible - $22.5k / $1,000Loss of Rents coverage amount - $99,663Premises Liability coverage amount - $1,000,000Landlord Personal Injury coverage amount - $1,000,000Other items from Company B:175% dwelling extended replacement costBackup of sewers and drains $3,000Bed bug infestation remediation coverage $2,500Medical payments to others $5,000Personal property and theft $2,500Landlord eviction reimbursementTOTAL Premium = $1,019Company A appears to be a “basic form” but for B I think it is “special” because it seems to include some other things (e.g. theft).

There are many items to consider.

There is crime, drugs, and danger in most metro cities you'll just have to look when you get here, it's not hard to see what areas to avoid