Precisely what Mitchell said.

Swinging a hammer is impossible in tight spaces and a regular nailer isn't precise enough to hit the holes in the various hangers. 

Holly,If they quoted you between $750-3500, as a rough start just split the middle and use $2,000 when running your numbers, then when you find a house you are seriously considering making an offer contact the ins. company to get a more precise number, or you can contact the insurance company after you are under contract. 

@Aaron Chung , do you know precisely what the loan is called?

The processes and paperwork between friends and/or business associates must be exactly the same, precise, and bulletproof.

If you are seeking the market cap rate so you can determine the value of your property post-stabilization or considering a sale, I would reach out to several appraisers for their precise numbers and opinions. 

You answered precisely.

I have been a real estate investor for 15+ years and precise resident screening, excessive lawyer fees, and high maintenance costs have been insignificant to success. 

Part of my comments regarding knowing your market includes doing some precise rental analysis comparisons.

It may be a "standard clause" as others have alluded to, but the precise language of what it says can be very important from a risk management perspective.