You will be required to get a foundation inspection report on top of an appraisal and you are required to pay for both.That is why I said make sure you do your research because if you pay for an appraisal or foundation inspection report and its not within guide lines you will have just wasted anywhere from $650 to $1000.00 non refundable.  

I only charge markup on maintenance if it's a larger project that requires more coordination, supervision of the work, and inspection after completion.

Ahead of tenant placement you have to pass a pretty thorough inspection which includes pretty much everything.10% maintenance is reasonable for year 1-3 and thereafter 15% for year 4 and back to 10% again for 3 more years.  3.

I'm offering $115K cash and can close as fast at the inspections and title work can be done. 

Focus on understanding the rental market, conducting thorough property inspections, and leveraging owner-occupied financing options like FHA loans.

HvAC guys, plumbers and electricians are busy but licensed so no huge risk especially if you pull permits and have work inspected.

And be sure that your offer can be rescinded upon inspection.  

Look at the PM contract and verify the 8% is all inclusive and that there are not additional charges for placing a tenant, resigning a tenant, inspections, and dealing with vendors/contractors.  

Do you do Move In Inspections that show the condition of the property before? 

Inspections are more frequent.