For residential multifamily properties (1 - 4 units), can you use a home warranty to take care of the repair costs associated with rentals?

As I am considering my offer, I am trying to understand how much to budget for attorney, title/closing costs etc? 

I was wondering if there would be any advantage creating a LLC or business to pay for the renovation costs.

For cash-on-cash evaluation of rental properties, it is critical to identify ALL of  your acquisition costs. 

Quote from @Max Bellino: I’m looking for guidance on whether it’s worth opting for a rapid report for a cost segregation study, which is less expensive than a full site visit.

Increase earnings, reduce expenses, save, and invest.

Cost segregation can be utilized for many different scenarios such as new construction, properties already owned and newly purchased properties.

Is it reasonable for me to ask the property manager for a breakdown of parts/labor costs? 

This helps determine if I would be responsible for covering those costs.

@Wiey Underwood Prior to pulling the trigger on a Cost Seg study, you should evaluate 2 things:1 - How much net additional deprecation tax deductions a Cost Seg study would provide: Best way to get this is by requesting a free feasibility analysis from a Cost Seg provider.