Mid-priced cabinets at Ikea are perfect for a STR and would help lower costs for you!

In this case I would say that for maintenance, you would be best off paying per trip/hourly for the cost of any repairs at whatever is an average median rate for a repair man in your area.

And as the buyer (my colleague) is now getting closer to closing it's starting to look like it might be worth just cleaning the place out and doing a very low cost rehab (paint, pressure wash and handyman repairs) for a quick sale.

While mortgage rates are a non-issue for you, the challenges of rising insurance costs and market fluctuations might deter other buyers, potentially lowering competition and prices.

So if it is 10 years (making up a number) and the unit was 2 years old and a new unit costs $5000, you bill them for 80% of the cost-$4000. 

This leaves us with a little over $1000/month for our housing costs split between my wife and I. 

Class A and B property owners are just as concerned about the management costs as class D property owners.

So you will have to consider all these things and their costs, along with any other renovations you will need to make for your potential property, and the prices that go with those as well.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

"the typical home warranty costs $450 annually, and only 25% of premiums are paid to homeowners.