they are a way to ensure certain items are completed timely. 

"capital" not "operating" so they don't belong on any metrics that call for operating items (i.e.

"Quite a bit of work" can mean considerable renovation budgets, plus potentially large, expensive, unexpected items that come up in the construction process.Half of a duplex is also an odd situation, but that may be more Canadian than US real estate.It's really a matter of risk vs potential reward.

The tenant will not have any coverage for there personal items.

Anything higher, you are responsible for but you could always get a home warranty to cover larger items and systems.

Also considered a vending machine with commonly used items for the tenants but not sure if this would be best.

There will be an appraisal done by the bank when they do the refi, so you will be capturing the appreciated equity as well. 

So I'm planning on having a set number of items for a standard bathroom remodel, general for the kitchen, etc.

Content with no value-add when compared to other sites and duplicate content are two specific items targeted in the Panda updates.

These items, and more, are all part of the costs that must be paid...by someone.