Also electric bikes would rent better but are also more expensive and require more maintenance.

If you start going into electrical, plumbing, cutting in for new doors, roofing, HVAC, etc. then you would potentially need to pull permits.

who is paying the water and electric on the washer/dryer usage?  

You got the REI bug now I'm sure.

All new insulation, electrical, plumbing, drywall, new water heater, pump, burner, etc. etc. etc. 

Well, I ran out of wall plates for some electrical outlets and I need to hang a blind in the kitchen window, but other than that this condo apartment renovation is in the books.  

The biggest turnoff I experienced when interviewing brokers, was how many of them just expected you to hammer your own personal sphere, bugging them to refer you or sell/buy with you as a newbie.

A lot of people in this market swear that it's still going to get higher, while a few financial "experts" seem to think that "winter is coming" (a correction).Besides the regular investment strategies (which I'm starting to implement soon), I really have the bug to put that FHA to work and get started (this would be my 2nd property, first is already a rental in Austin), I just think I'm missing something and I'd like your opinions. 

All units have separate meters -- Tenants pay water, electric, ect. 

Simple - just be generous with yourself, and assume they'll trash everything in sight and steal the appliances, cabinets, plumbing and electric.