I should probably also mention that aesthetically we are "old home" people - we love details like exposed brick, beams, etc. so we're not looking for an ultra-modern "cookie cutter".

If the condo association wants to do some aesthetic work in the building's garden, you and everyone else in the building are on the hook for the tab.

It's amazing how updating property aesthetics  can add so much value; the pictures are proof of such.I may have missed this, but in your numbers did you include taxes, or was that built into your note? 

Wear and tear, scratches and some marks on the wallI'm a little bit OCD when it comes to aesthetics, especially walls, you start noticing all the little dents (maybe from moving furniture in) etc. 

@Nick BrubakerTo make money flipping houses, you need to buy right AND you need to spend right.To take your example, 60k on a bathroom is a freaking lot of money.Flippers would not make money if they spent that kind of money on a bathroom unless it is a several millions and I am not even sure.What those reports show is if that a homeowner remodeled their house paying retail price paying more consideration to the aesthetic than the price (which is usually the case), the money spent would not be recouped in the increased in price value.

The one I am going to see today is aesthetically nice, they clearly have done some updates, but my concern is with plumbing/structural things, have others had issues with this?

The house is in immaculate condition aside from what i consider to be two flaws.(1) the kitchen cabinets have been repainted, but were not done perfectly, so there are some aesthetic flaws that you really have to scrutinize to find(2) there are three bathroom cabinets that have water damage on the bottom surfaces from previous leaks that I did not catch in timeI've done a few showings on my own, and have not pointed out these flaws. i fully expect these flaws to be caught by any inspector who does a thorough job.What should I do in the showings? 

The rental calculator seemed to be geared toward buying vs currently owned homesI paid 405,000 w 20% down in '05 and then upgraded all of the bathrooms, exterior, ceilings, fence and landscaping, plumbing, new roof...aesthetics basically. 

Just stay in line with what the neighborhood aesthetic is and make sure everything LOOKS new even if it isn't new.

They generally devalue the property by 3-5% here because people care much more about the aesthetics of their home than saving $10 a month off their electric bill.