There is no "standard" rate for fee's....they can be as low and as high as your market allows.

Apparently, you can take unlimited deductions with a professional license as opposed to the 25k limit in a passive cashflow.

In AZ if you had a mortgage with less than a $200k balance; the interest, property taxes, and state income tax could be lower than the standard deduction(2015 is $12,600), assuming you are married- unless you give A LOT of money to charity.  

To determine the exact standards that you need to conform with, you will need to fully investigate your individual state statutes and regulations and or hire the appropriate licensed contractors and licensed property managers.   

The standard purchase agreement does have this but depending on who is handling the REO, they will have their own paperwork so to be on the safe side you should have your agent include an addendum that states utilities must be turned on.

(like 10k+ closing costs quoted from multiple banks for a simple refi)Insurance in the 300 per month range vs 85 for the same property if it were held privately.Town taxes such as water/sewer/property are billed at a higher rate.Plus more.So, what I am thinking of doing is:a: quit claiming the deed into my personal name.b: adding a million-dollar liability policy to the standard dwelling/fire coverage to protect my assets.

If you need any additional info I'll do my best to find some but the proforma I was given is kind of lousy even by proforma standards.

That way you're not holding on to their money, but can still pay the contractor when the work is completed.A third way which I've heard of, but must be very rare, is to hold on to the rent until the end of the month and then deduct any expenses that occur during the month and send the balance to the owner.

Most inspectors won't do an inspection without a 3rd party to protect them from the liability questions above.Also note that most standards say that home inspections are non-invasive so we aren't moving furniture, or tearing off dry-wall.  

a proper builders risk policy is written to cover RCV or ACV if ACV is greater when construction is complete you need a standard dwelling policy.