Are there any large capex items you are expecting? 

If builder pushes you saying "come on, don't hold up the closing for these minor items, let's close the house and take care of the them with warranties."

Make sure the deposits are transferred and not deducted from purchase price, otherwise you will need to come out of pocket when tenants move out.You should also make tenants and landlord sign an estoppel agreement, which outlines important items and agreed to, so the tenant cannot claim to have a huge deposit later or claim that the prior owner gave him ownership of the shed in the backyard.

Think of these as savings for big-ticket items like new flooring, new appliances, or a roof or siding replacement.Because maintenance and capex can be “lumpy,” you may think that you’re generating more cash flow than you really are.

And the property manager is the only person with a long-term interest in your property, so their opinion carries a lot of weight!

ALL taxable gains carry over for the rest of your life or until you choose to sell without exchanging.

Serious injury or death has occurred from each of these items, and they could have been prevented by keeping watch and staying on top of things.

Is there any feedback/ suggestions or items to improve the home for the next guest stay?

Can't you get your builder's risk policy from the same agent you currently carry your general liability (for your GC business) with? 

I will need to pay out of pocket for visible items like paint, the shower, toilet, vanity, kitchen cabinets, wardrobe, and so on.