The variation in price is a function of their business model: where are they securing their inventory and at what cost, what are their labor, marketing, and other business costs, and what profit they desire.To your specific question, "yes," the bank can basically offer whatever number they want.

My business model doesn't involve smaller reno, but I'll do a $1M+ project.

(Single family structures) . 2 different styles, an 800 sq ft and a 1300 sq ft model.

I have read short term rental long term wealth and watched a ton of content on you tube and it seems that STR's will help me reach my cash flow goals faster then the LTR model I am currently using.  

Every contract can allocate these items differently.I would also factor in property tax allocation based upon July - June tax year.

Neither is better or worse than the other, it's just a different experience and pricing model. 

Counters: $4,000 Contingency: $15,000Total: $150,000Although you have a bulk of the items covered, you are also missing several items that could add up to thousands of dollars of work:ExteriorsLandscaping?

My model X is grandfathered in so I pay nothing for the life of that car..

A person’s investing model has a way of evolving over time.

If, when, we become a buyers market then you can RE-evaluate your model but in this sellers crazy market - you can loose a lot of deals in a 24 hr period.