You could look up comparable properties that have sold and get quotes from contractors on what it would take to bring your property up to those same standards.

I figured that, as a lease option, the tenants have significant money on the line, so they will care for the property much more than a standard rental.

203K, it is a standard FHA program. 

This is going to cost money and they will not have time to prepare an entire scope of work during a standard due diligence period2 - I would get with a Realtor and have them pull comparables from the MLSWhere is the property located in Ohio?

It’s essentially a fancy extension cord that allows your car to be plugged into a standard outlet on one end and into the car on the other end." https://www.consumerreports.or...

Owners often look at this and think I could have done this myself for and the parts were only $25 and now they charge me X.We self manage and have an internal team, but if I would hire a PM it would be Welcome Home Milwaukee.

Generally, if you own only one house, you insure that house for the standard amount of maybe $1 million and if you want to increase it to $2 million then you would only pay the additional insurance for that policy.But, lets assume you have 5 rental homes and you don't want to pay the additional premium to increase every policy to $2 million.

BP, FB, etc.Also, I can probably supply you an operating agreement as well if you would like for much cheaper than a lawyer.Yes you can use a standard operating agreement.  

@Jesse Stein @Allen McGlashing you guys should be setting your standards much higher...even top producing investment real estate agents should be responding quickly (within 1-2 hours)...and you should have a system setup for offers...they should go out within an hour or two of your request.Stop working with agents that work at big brokerages like Keller Williams or HER...I know there is a bunch of these good ol' boy brokerages out there, but they are tools of the residential industry...not investment specialist for local markets...find a small local firm and start interviewing agents

If you are not paying a mentor, you should be able to help in some way i.e. birddogging, photography/videography, interning, other volunteer work etc.