My son did this for his first home and, other than paying for some lender fees and his home inspection up front, he only paid $11 at closing.

Additionally, ask for copies of all tenant leases, any recent inspection reports, and records of capital improvements, such as repairs or renovations.

HUD is changing its inspection criteria from Housing Quality Standards (HQS) to National Standards of Inspections and Real Estate (NSPIRE).

Why are you using rules of thumb and not using the results of the thorough inspection by a great inspector that you are surely using and would be an idiot not to base your numbers on? 

Schedule inspections at key stages, and involve your property manager early for rental insights.

As long as you are screening the tenants/animals well and conducting inspections, I think you'll be fine.

-- We put in our ads that mechanicals will be installed for inspection and/or for MoveIn.Boards are useless!

Having the right attorney is a big part of the business, but also understanding how violations, town inspections, zoning certs, transfer stamps, PTAX and other "fun" parts of the closing process work are a huge part of what we do as agents. 

I got a quote for $2,200 to inspect the tanks.

Conduct inspection and appraisal to confirm property condition and market value.Good luck!