Precisely how much you offer, how much due-diligence fee, and how much in earnest money, is part of your competitive strategy; A great realtor will out-perform a less experience one  by hitting these numbers perfectly to make a great deal that entices the seller, and protects the buyer.

These things depend upon precise contract language.

The liability and wear-and-tear estimations are precisely what I'm really trying to figure out! 

In a related development, there is a recent expansion of interest in the "non-qm" market precisely because of the expansion of capable, if not conventionally qualified, borrowers in the gig economy etc.

@Robert ONeill  Precisely! 

I don't precisely know how to analyze a market.

Being precise on that number is less critical if you can weather storms should cap rates spike during your hold period.

@Tim Johnson yes Tim precisely my business partner had a similar experience of filing for bankruptcy and the long term effects  it can have on your credit, so I would want to offer them a way out without hurting their credit.

Precisely why I'm asking.

This is precisely what I think will happen with real estate.