This item is one of the more requested items to have in our house.

Firstly, the real item is only a question of Point of Production.

Alternatively, are there some ballpark estimates for each expense item (e.g., 8% for vacancy, 3% for capex, etc.) that can be factored in as realistic or worst case scenarios when analyzing the deal?

Lastly is structures, and to be honest I think we'd probably have to move the needle $100k or so on that item because I have a feeling from what I've seen thus far is these structures are not of the most durable enduring type and I will have some considerable cap-x over 10yr window on them.

They also sell items at farmers markets.

Now for the house you are leaving behind…I like to have this one freshly painted, and take action on any maintenance items.  

@Francisco PineiroYou could call a few home inspectors in the market you are investing in and see if they do draw inspections so you know the items are correctly done before sending funds

It's no different than those who hold stocks, then need to liquidate to purchase items.

Clean it up a bit to get most bang for the buck add ons and preventative damage items like water leaks.

We removed a chimney to open up the space and updated all the major ticket items—new electrical, HVAC, and roof.