I expect we'll see a lot of them screw it up and get paid less than their services are worth.

@Stephen Montez from what we see here on BP:1) Investors NOT knowing how to get properties under "market" value.They all expect to pay price in MLS and cashflow.2) Not taking the time to understand different property classes and their pros & consThey often buy a Class C rental for the low price, yet expect Class A results.3) Trying to DIY manage without doing their homeworkThey try to penny-pinch, yet their mistakes cost them dollars.

I will tell the future tenant's or owner to not lick the siding. 

That being stated I am not closed off to completing rehabs in the future provided I had more capital at my disposal.  

Depends on where you are getting your prospects.If from Airbnb, VRBO, etc. then they won't be expecting either.If you are getting them from your own advertising, then put your requirements in your ads and definitely have on your website.

Interactive Bootcamp spaces are limited, and with even more learning options, we're expecting to fill up faster than ever!

I've heard too many stories of borrowers getting hammered with extension fees because their projects took longer than expected. 

If you’ve depreciated the property the seller should expect to pay the IRS 25% of that depreciation back.

If you refuse to pay a buyer's agent, buyers will expect you to reduce the price.

Michael, I would suggest you buy the live in house as a owner occupied property and stay their for the foreseeable future while you rehab the property.