I don't know what stage or when it might settle. 

Far too many get stuck in the "paralysis by analysis" stage, thinking they just don't know enough to get started.

Here's the letter I sent out the last time I had inherited tenants:Dear (tenant name):We are excited to announce that our company is in the final stages of purchasing the building within which you reside, and I’ll begin managing the property on August 12, 2015.

If you are talking about an investment property and using private funds such as HM for a rehab, reserves often will have to be in cash unless you negotiated some other note servicing arrangement to cover the rehab or construction period. 

In this scenario, we had to manage the float pretty tightly, as the bank would not release funds until stages were complete, thus no money upfront, however, in most cases we were able to use invoices for materials, etc that were on a short credit window to make it happen.   

I am in the early stages of finding a condo near Kihei and after reading (new/old) posts it sounds like your cleaning service is important - Just not sure on how much I should expect to pay.

Ask her to schedule a final walk of the unit on or before (the departure date) with you so that you can arrange for any return of security deposit provided the unit is in satisfactory condition and all contents/trash are removed from the premises. 

@James Wise This is a great post and appreciate the time and data you used putting it together.I am an Investor-Agent in the Houston, Texas market and 90% of my clients are investors of all stages like House Hackers, First, Second to 5th Properties, Flippers and Buy & Hold Investors. 70% of those 90% are Out of State Investors (OOS). 

Far too many get stuck in the "paralysis by analysis" stage, thinking they just don't know enough to get started.

Far too many get stuck in the "paralysis by analysis" stage, thinking they just don't know enough to get started.