Most residential remodelers have OPTIMIZED there systems to deliver everything needed, cut-out all things un-necessary, so to reduce cost's there in reducing price, to give YOU the consumer a better service price. 

So you are looking at $1200 in totally unnecessary expenses in addition to have to make concessions to the buyer.

Quicker turnover time/reduced vacancy, better tenants, better marketing, knowing market rent and market conditions and typically better access to vendors who will go the extra mile for 500 customers vs. 1.  2) It keeps them out of court and unnecessary litigation with extensive knowledge, process and procedure that a private landlord cannot match. 

Also, finding people who are willing to to work with you- I recommend bringing them value in some way- this will cut your learning curve while minimizing the amount of unnecessary mistakes you make. 

I've heard of the land trust approach and have found this way is unnecessary if done correctly.

Home run investments tend to get all the attention, but stable growth and not taking unnecessary risks is what builds long term financial success.Best of luck,John

You will never find the answers to the millions of questions you have, especially if you don't start taking action.I'm not suggesting you take unnecessary risks, but if you wait until you know everything before you buy, you'll never buy. 

To base a decision on something that may or may not happen - even if the odds are with you (and the general sense of it is that Columbus will prosper but who really knows what will happen because of forces outside of Columbus) - is definitely unnecessary and, in my humble opinion, unwise. 

I wouldn't want to pay thousands for legal fees given that I just want to be reimbursed for $13,400 and for any unnecessary principal payments.

$550K seems really high and unnecessary, but also don't want to make a poor decision in case something happens.I think I am going to ask for a version of the quote keeping the replacement value at $415K, but lowering the deductible to $1K instead of $5K.