However, if it is not stated as their responsibility it could be argued that they assumed you would handle covering outdoor spigots.

Hi Chihero,Don't forget the SEC requires the PPM to have a "Prior Performance in Raising Funds Table" and an "Operating Results of Prior Programs" table that all investors must be given.Also the SEC assumes Accredited Investors can handle losses if they occur and Sophisticated Investors can asses the risk for themselves.These opportunities are not open to the "General Public" for those reasons.

If property management will handle the little things that that pop up then you don’t have to get something that’s been totally remodeled.

I love the theory behind a subject to deal, however i'm curious how some of you guys handle the potential drawbacks of the deal.I'm not very worried about the due on sale clause, it seems that this happens so rarely that statistically it can almost be ignored. 

For instance, the toilet handle broke, and my tenant bought a new one and installed it.

I would check into the advertising, but I would also check to see how the PM is handling inquiries and/or showings. 

How do I handle this?

One company owns everything and does nothing (this is your SLLC a/k/a “asset holding company”) and a completely separate company handles all of your operations (this is a traditional LLC a/k/a “operating company”) For the operating company which serves as your face to the world and through which you do all your business, you establish a Traditional LLC to carry out the operations of your investments.

That's $7.24 per drawer pull.What kind of psychological affliction would make a person pay that much money for a handle to open a drawer with?

Sounds like you have a handle on it.