But the seller would save costs from lack of realtor fees.

Looking over the spreadsheet, it seems a little difficult to compare as it seems like it takes an apples to apples comparison where it assumes that if I did not buy a say, $1.5M multifamily, I would be paying 1% of that amount in rent if I kept renting.

@Kristi Miller we were in a similar position as you- small mountain town, not great cleaning options, lack of tech etc.When we started our PM company we made the commitment to pay the highest 1099 cleaning wages in our area.

If that's not the case and the GC still requires 1/3 payment up front,  it means they have other projects that are suffering or lack quality subcontract relationships and can't place them on net 30's and when contractors are moving money around to cover for other projects,  that's a slippery slope. 

That lack of new supply along with strong demand has kept the markets up WA HOUSINGAlso I belive the cost of replacement has risen so much that intrinsic values have also risen significantly though you are still paying a premium of 20% atleast to secure a deal.

RUBs are not based on consumption, therefor tenants/residents lack positive reinforcement (lower overall rental expense) to conserve water or even report a cycling toilet. 

There seems to be some lack of knowledge on the owners' part come to think about it.

Hence, your lack of comparisons. 

You'll need to compare apples to apples. 40k seems like a low number to design, furnish and amenitize a competitive short term rental projected to do $100k. 

I don’t know the condition of the property nor how to properly assess it considering my lack of experience – who would I approach due diligence?