Floor molding has to be replaced, the bathroom had to be painted and most-often we have to remove the vanity or toilet to make enough room to get the tub into its location.

I see nothing mentioned for permits cost, or any other project overhead like portable toilets, dumpster, dumping fees, site security, and more.

We do have to find a pan for it that is large enough if laid down.During this discussion, the inspector informed me that because of how we built the walls and was going to install the fire board, we couldn't have a box for this unit across from a box from the unit next door.

Do you know how to hot mop the pan to waterproof or is sweating a pipe going to cause a fire?

I really appreciate that you remind me of the 1031 exchange rules, we have a QI that we work with, and hopefully things pan out as planned!

Half the time it does not really need to be replaced its just the inspectors opinion.. but on the flip side its common for investors to buy properties that check out fine in the home inspection run water and and flush the toilets a few times.. but when property is put into service boom there is an issue with a tenant there and your obligated to fix it.. 5k is on the low side for these replacements. personally if everything else checked out and you can get the seller to say pay 50% which seems reasonable I would close on it then you know you have a bullet proof rental. you just lost your inspection fees  your appraisal fee's etc.. now your walking and going to have to pay those all over again on the next house you want to buy..

.,  We fix your toilet issue for $50!". 

No tenants, toilets, or termites.

and you have too much high LTV debt that you start to miss payments.. your fico goes into the toilet and will haunt you for years so really depends on your long term business.. and if your really going to need a strong fico and balance sheet to keep you going down the road. 

Just a random example but when I put together an estimate for a policy holder it cost $312.82 with Taxes and Overhead & Profit (If the contractor or PA has O&P on their estimate) just to detach and reset a toilet.