Sounds like I may have to end up eating costs then on this one.I guess the next question then is do you think I'd be better off just letting my insurance cover any potential damages in the rare event that the pipes leak and paying premiums, or hiring a plumber/drywaller to do the work which would probably cost around $2K-2.5K  i'd imagine from the sounds of it.

Remember, inventory is at a premium and you are in control.

They are good enough vinyl, not premium obviously.   

I would probably do it in a really nice walkable neighborhood and likely pay a bit of a premium since I'd be living there.

Probably not with a traditional turnkey provider who offers you the final product at a premium price, as many mentioned here already.I built my property management business by basically offering our service at a fixed cost, being the boots on the ground for the out of state or out of country investor.The basic approach is, you find a good local team that will find you the distressed property, rehab it for you, rent it for you, manage it for for you.

Unless you're offering a very niche service, you can't realistically charge very high premiums for coaching.

Tenants may be paying a premium to get free utilities, in which case your rents may be overpriced when compared to other units paying their own utilities.

(vi) The cost of the premiums for the insurance maintained by Lessor pursuant to Paragraph 8.

If they are selling their own liens they must be selling them at a premium to make a profit or they are selling the crap they don't want. 

It's *meant* to separate the top-rated hosts from those who average 4-stars.That said, I do agree that the rating system has put too much of a premium on 5-star rankings.