Even the most experienced of us will miss items or not account for them when setting up the scope of work.

I don't sweat crapped out or missing towels, broken glasses and the like.

What else are they missing?

What factors am I missing from the assessment described here?

There are some specific rules to it that you need to know about.Now, I'm not sure what type of investment property it is (but sorry if I missed it) but on a single family home you do have the option of putting down 20% and 15% when you purchase it.  

I will be taking a vacation trip to Miami from July 22-27 for a festival but I don't want to miss out on the opportunity to network with other like-minded experts in a completely different market that I am use to.

I will be taking a vacation trip to Miami from July 22-27 for a festival but I don't want to miss out on the opportunity to network with other like-minded experts in a completely different market that I am use to.

Not repainting the condo and/or accepting the picky tenant cost the owner at least $3200 in missed rents through vacancy

@Jeremy L Riddle  you are correct that is your money to disperse if you want, however, I think your missing the point that when you do the repairs those repairs will be either an expense and tax deductable or they will be capital improvements and increase your basis.  

I must be missing something.