You can also capture more repeat investors as you can get more projects done. 

If you can cash flow a property, you are in good shape as you capture the solid appreciation in this market.

It could be "par for the course" for the industry, not sure, and unless this guy is a professional chef (which would be against the terms of my lease to run a business on the premises), this is really picky. 

They have done an excellent job of capturing a large marketshare, so it make sense.

But, you’d have to have serious chef to appreciate it.

If the management company is excellent at their craft and they attract and retain top talent in related services (like contractors and agents, since there is a lot of overlap between PM and these fields), then the agents and contractors may be far better than the average agent in that same metro.Conversely, if that PM company is not led by a skilled business tactician they might be tempted to retain a shiza agent in their ranks so that they can capture some referral booty, with no mind to whether or not the end user client is getting good representation.I see both things happen in my market consistently, and though it doesn't create a helpful rule of thumb, hopefully it does help you in your decisions ahead.

It is a little daunting trying to capture the entire picture but I believe that to be prepared with such a reserve is a good safety net, especially as a first house.

My husband and I work and live on a charter catamaran as a Captain and Chef team.

Scoping damage is looking at a room and being able to capture the data on what is damaged, what are its measurements and does it need to be repaired or can it be fixed in place. 

Capturing Unaccounted for sq ft.