Some may have very small thresholds for repair holdbacks on purchases but this is typically limited to make ready items not to exceed $2,500 in costs to cure.

My model is NOT good for LTR as it's not cost effective. 

"the typical home warranty costs $450 annually, and only 25% of premiums are paid to homeowners.

At that class of property, the turn overs are costly. 

You can avoid costly mistakes. 

And that depends on how you view the costs. 

Tenant shall be charged $[amount] to cover the cost of this force-placed insurance.The other lesson is that you should never hand over keys until you have proof the Tenant has met all requirements.

However, in California, each LLC incurs an $800 annual franchise tax plus gross receipts fees if revenue exceeds $250,000, and property insurance may cost more.

Also, how do you balance cost-effectiveness with providing a high-end feel?

Time and practice will still teach you as you do deals but it will help you understand what things costs for the size of the property