Just make sure you request for them to itemize the repairs so you can scale up or down as your time and skill allows.What is your strategy and exit strategy for the house?

That is unless the property is in very poor condition or one that has not had these large ticket items replaced since construction. 

That seems like it would cover some of the big ticket items. 

Not only that but also ask for detailed 24 month operations statement with all incomes and expenses itemized.

I am not an accountant but intangible property will generally have something called "amortization," which in essence is similar to depreciation that allows you to write off the useful life of items like software, trademarks, other intellectual property, closing costs paid on a loan that can be deducted over the life, etc these are usually costs of assets or items paid at one time but allowed to be deducted over time.

That item is called a Draft Hood by boiler manufacturers and everyone that I know of.  

Let the neighbors know you value the community and have high standards, so you would welcome a call if they see or hear of anything problematic.In preparing a property, we focus on safety items first.

-Added a closet to the Mother-in-Law bedroom-Replaced the water heaterNow, I realize these items won't add tens of thousands of dollars to the value but am thinking of listing the house for $184,900 which is near the higher end of the market for this neighborhood; I think I could list it for $189,900 and still draw interest but I'd like to sell ASAP.

It's going to cover a lot of the basics on finding deals, rehab strategies, and other items when you are looking and executing a rehab/flip property. 

His labor would be at some reasonable rate like $25/hr.Or better still, come up with an entire list of pricing for work items and then get a 25% discount off those items from him.