Although it is a great guideline, calculating repair cost as a wholesaler is very sticky, as you don't always know the investor's end game.

In my post above, I referred to the replacement cost as "replacement (rebuild) cost" to help differentiate.There are policies and endorsement that can increase the limit to, say, 125% of replacement cost (for extra premium), and policies and endorsement that can decrease the limit to, say 85% of the replacement cost (in exchange for lower premium).Besides determining the replacement (rebuild) cost, the other typical way of determining the policy limit is to use the market value, which I think is self-explanatory.  

If I were to factor in the opportunity cost, as you put it, the best forgone conclusion in this case (continuing to rent) would be that I would lose liquidity in some funds used as a down payment, but I would also have reduced living expenses and equity in a home.

I would save that for a day when it matters - choose your battles, you don't have to fight this one.What again is your turnover cost? A

They cost a little more but you'll have less waste and you get it freshly mixed at the store. 

Attorneys cost a lot and companies today are trying to minimize legal costs greatly, so if I cannot be an asset than I would not blame them.

Fix up will cost a lot though, unless you are handy.  

I base this on all of the independent MLOs we have trained since July 1, 2011, and what they do not know, as well as cases similar to the ones in California I discussed in an earlier post.I agree with you that people need competent advice, but I do not share your view that an attorney who is competent in regulatory compliance is only going to cost a "few hundred bucks".

They also don't cost a bit more than HD junk and usually are more durable.

Probably about the same cost as an umbrella policy and you don't have to worry about some judge telling some guy you owe him your life's worth.I am new to real estate investing, so someone please tell me if my logic is flawed as this is how I intend to own rental properties.