Then you can expect to get it rented.  

Being albe to disect trades work that will not only meet inspection standards but exceed the investor or owners expectations. 

I figure nothing in life is that easy.

You'd want to work with the REIT sponsor and your CPA to understand the expected timeline for this a bit more.  

I'm sure some policies have all kinds of language in them, but if it guarantees me full replacement that is what I would expect otherwise my granite counters would be replaced with laminate and my tile and hardwood replaced with vinyl and the cheapest carpet.

Always be cautious of what you charge on things like paint, flooring etc.. most judges will use life expectancy and divide out a pro rated amount you could charge the tenant for excessive damage and not normal wear and tear 

Some of our deals took 1 to 3 years or more but when we landed them ( being that timber is a high profit business) these were 6 figure net deals..

What is your expected return from any type of investment?

Or, you could ask for a rate quote based on a range of credit scores and you can figure out what they'd charge you on your own.

Tenants should pay  utilities - they're consuming those and landlords should 'inspect' what they expect on a quarterly basis and that includes verifying that utilities are current.