Also, you will receive a discounted rate on the policy itself if you have closed a title policy recently with that same title company so that is another consideration.

The nice thing about expensive markets is you don't need a 30% discount (my last ones were in 2015) to capture serious $ off-market.  

The house is a 4 Family. each Apts has 2b, 1b , Building is in C+ condition on a B- Neighboorhood, Each apt needs a completely new kitchen and bathroom, which will cost 10k to 15k for each apartment.

@Conner Johnson flooring, kitchen, bathroom work.

And checking to make sure that box of 12 filters you left for the tenant actually contains LESS than 12 filters as time rolls on.You don't need a plumber to check connections but it's a good idea to check for leaks under kitchen/bathroom cabinets. 

Not to mention you'll also obtain the property at discount given commission received.

Try and have them bid " apples for apples".1- Windows   , Vinyl, Low E.2- Six panel doors and no jambs but new trim.3- two tone paint, these two colors.4- New bathroom vanity, toilet, and remove old tile with new tile. 12' X 24".Etc , etc.Brent is smart and great article, I am just adding my point of view from a seasoned  Re- hab contractor!               

I have gotten creative, but as long as it has working bathroom, kitchen, and furnace, I have secured the loan. 

Added a bedroom and bathroom, pushged the envelope on custom design.

Plumbing, bathrooms and kitchens are also a pain.If you can get parking and meters to supply the numbers you want those two items are also important!