Any experiences you have had that could shed light on this would be very helpful. 

These included one of the outdoor lights not working, small common area repairs, tightening things, and a hole in a screen.

And you have to work hard at making the home a destination in and of itself (ex: hot tub, outdoor lighting, heat umbrella, fire pit with wood, grill, sauna, games, arcades, books, great cookware, etc.).

DM if I can shed more light on it for you. 

I would also recommend going light with your countertops.

& @Eric Gomez I can shine some light on the Catskills region, more specifically west of Woodstock in areas such Roxbury, Margaretville, Stamford, Jefferson etc (ie Delaware and Schoharie county. 

Tread lightly and make sure you can afford it.

Normally when you hear cap rates this high the expenses are not calculated correctly or certain expenses are omitted (no vacancy loss, no management fee, light on repairs etc). 

Could an experienced s8 investor shed some light?

If you do not like ceiling fan landlord will replace with light fixture.