This "developer" is an individual investor, who has developed a few houses on his own.The original plans were for the construction of either apartments or condos, and I think the developer's intent is to come up with new, realistic numbers (hard & soft), and determine if the market supports the margins. 

I think the ask was $60k for both and I kinda of brushed it off as I said I just never really knew or liked the area.

It had some golden nuggets in there that I'm trying to soft through.

Based upon your description (exterior, 3800, etc), I will estimate it to be around $2,000 plus material (paint, roller, brush, tape, etc.)

I would probably just brush it off and move on to the next deal.

We had a "soft" money lender do a presentation on how his company loans to investors all over the country and how their rates are much more reasonable than a hard money lender.  

I purchased the property for only $200,000 and figured I could not loose.Repairs included finishing the driveway with concrete, pouring a walkway to the front step, solving a crawl space water retention issue, installing new hardwood flooring, replace all "gold" fixtures with brushed nickel, interior and exterior painting, replacing the septic pump and replacing light fixtures. 

7k is ridiculous i have a distributor acct and can get a kitchen done for $1500-3000 solid wood soft close cabinets.

The best scenario is for the EMD to stay soft until you have removed both your DD contingency and your loan contingency. 

Make sure drawers and doors have a soft close feature as this will also increase the lifetime that the cabinets will last (in addition to protecting kids fingers)Lastly I would splurge a bit on the back splash.