Please fill me in on what to expert IRT my asking price and if there are any items I should be aware of come inspection day that will affect my rental rates.

Subject to inspections.  

Neither of these things came up during inspection.

If this was during the inspection period, then yes!

A new soil inspection needs to be made, for example.Thank you!!!!

Also, the property management costs when you add everything up such as the monthly 8%, lease fee of 75%, renewal fee, bi-annual inspection fee, 15% margin fee on repair etc. seems like a lot and in the end, they make a lot more money on my investment than I do with little to no risk while I am taking all the risks.

I'd also schedule an inspection.

@Tyler Speelman as a real estate broker I would advise you to make the release of the high earnest money conditional upon your acceptance of an inspection, conditional approval from underwriting etc.

I think 3 days on inspection and 21 days financing.Good luck!

From what I'm being told, this addition has been built to code and although this will be confirmed once the inspection is complete, I am trying to better understand the process to convert this property into a legal duplex.