There's a couple of sections in there dedicated to cost effective ways of improving a home to improve the ARV and some different pointers on materials too.

That being said, I’m not concerned too much about PMI’s unless it effects my CashFlow on the properties.

@Andrew Hyder Mail is effective in finding leads.

Some "cons" of the 203k are:MI (mortgage insurance) for the life of the loanUpfront MIP (mortgage insurance premium) can reduce the effect of the 3.5% down paymentCan take 15-30 days extra to closeNot all industry partners (Lender, Realtor, 203k Consultant, and Contractor) are as knowledgeable/experience as neededSlightly higher interest rate compared to FHA 203(b), which is the normal FHA loanCannot repair/add luxury itemsSome areas can have lower max loan limits that what is needed to do a 203kExcept for qualified non profit groups, required to be owner occupied for min 1 year  There are many pros to the 203k, but above are just some of the "cons." 

Statistics like this are fine when you look at a population as a whole but it doesn't take into effect the amount of effort put in by an individual.

@Laurent Meyer personal option: little will effect multifamily market. 

Would the property vendor help me with this or most likely not since it would eliminate business for him?

Your landlord would probably provide spares on hand to make it convenient for you and eliminate a potential after-hours service call for him. 

I know, I owned a gym for 6 years and got out before business was effected because it was becoming a grind.

If as I mentioned, we used 12% instead of 10% for PM fee, this would in effect add $141/month in "tenant replacement costs", if the tenant churns in 18 months we've "escrowed" $2,538 in total for the replacement - roughly 3x the actual cost.