I have R&R most items to make for minimal maintenance issues over the 7 to 15 year notes.

This means removing 100% of C violations (mold, fire safety, mechanical), 80% of B violations (vermin, loose fixtures, broken tiles, smaller stuff), and 80% of A violations (really stupid items like a light bulb out).There are more - so many more.

I've been working with B2R and First Key on a large cash out refi and one of their requirements is that I carry a combined liability of $2M for First Key and $3M for B2R.

I would need clarification on that line item from the seller.  

Lender stipulates that I live in the place for 1 year minimum.I plan to live in the 3/1 for a while, take care of any maintenance items and make some cosmetic updates, and eventually rent it out.

Practically speaking, that means that any safety issues (unsound structural items, unsafe wiring, etc.) and "broken" systems of the house (plumbing, heating, insulation, etc.) will need to be fixed.

Having both will grant you with more confidence and greater access to necessary information (not to mention saving time, as you will not have to wait for someone else to allow you to view a property or provide comparables as your wife can now carry out such tasks).

I share the properties between the providers and can gauge their performance and price.The responses are great and they cover items within the infrastructure such as AC/heater,electrical, plumbing, garage door etc.If there is anything uncovered that needs to be fixed, my broker connects me with local handy men or professionals to take care of those issues.One of the providers, https://www.ahs.com/ charges $75 per call. 

Here's what happened to me in my early RE years (many, many years ago):I came across an opportunity to buy a 2nd trust deed from former owners who had carried back the note as part of a seller financed transaction.

I miss the old calculator as well.Now I edit old reports and change the project name.The old calculator had better functions such as calculating carrying costs.Please bring back the old calculator.