Is that not similar to overcharging the guy with $1mm vs $1,000?

A excellent honest landlord would want to have a check in list and have the tenant present and also on the checkout so everyone is on the same page, and it is best to show the tenant the check in list and go over everything and have it in hand on check out this way the tenant cannot say the landlord over charge on anything, and an excellent landlord doesn't need 30 days to see if there is any damage and most landlords like to hold the deposit, as long as they can because they could be running their business on a shoe string and need the extra money.Joe Gore

Now you discovered that you were overcharging, so you want to see if they're interested at $X. 

That would be terrible to be overcharged in addition to being treated unfairly.

It is certainly not impossible, but as you correctly stated the result will depend on finding a good property manager who doesn't overcharge you.

He most definitely over-charged, but fortunately, it at least looked good.

I'll do draws as they go, but never more than it'd cost to have someone come finish the job.My experience has been that even when you find the ones you can leave alone they only last about 6 months before getting comfy and over charging or getting sloppy.

Plus, I'll need some liquid funds for house repairs.I'm aware that the final figures will differ from this, but is there no obvious overcharges by the loan officer/lender that you can see?

I know he over charged on his electrician contractor, so maybe thousands of dollars worth?

PMI companies all come in with identical pricing for >90% of scenarios, no matter how hard you shop it, barring certain wholesale pricing deals that some institutions have, and lender incompetence (I've won business because someone else was overcharging for PMI due to data entry error... no one thinks to shop by PMI rate, so many do not double check their work).