Things like landscaping/snow removal and labor cost for repairs are going to be highly variable based on your market so you'd need to do your own research on the going rate by either talking to other local investors, running your own google search, or exploring basic services on thumbtack/angies list etc. 

I haven't reviewed the Standard Lease Agreement yet, but all I need is the right to sublet, and possibly some negotiated capital responsibilities (owner pays for repairs over a certain amount or split responsibilities on certain expenses).

Aside from the risk of taking on the property with tenants, you may also have to purchase site unseen which makes it tough to calculate repair costs. 

@Ryan BrayHUD will not turn on the utilities and my guess is you are outside your 15 day window where you could at your own expense provided that the PCR report did not find anything that would prevent it.Your option is to ask your lender if there is any work around such as an escrow for repairs or an as-is appraisal. 

Just be ready for the ride...it’s not always smooth sailing, but if you play it right, those jitters can turn into some seriously sweet returns.And if you do end up jumping on a short-term rental in Tampa Bay, just pick up the phone and let's dig into it.

I would keep and organize all of your communication around this issue, including gathering pictures of the unit and the area in question that was repaired.

Also, they will NOT stop paying UNLESS you do not do the repairs in the time allotted.

Your income is Sales priceLess Purchase PriceLess Costs to sell propertyLess renovations/repairs/holding costs.You mentioned having partners. 

Further, we need to account for a $10k “reserve” for what will be repairs / maintenance as the property ages.  

Any expenses you put in to renovation or repairs are not deductible, but must be capitalized after the property is in service.