I see no need to spell out each item individually in an agreement.  

you are paying taxes and insurance one way or the other …….as strictly a convenience and also a decent way to  budget for these items - I would recommend  an impound account  …..also most lenders  will charge a .25% fee  to waive impounds

I had a brand new construction home I bought 200k and the tenant for some reason totally destroyed it.. now it was so bad that the insurance company covered it and went after the guy criminally.. but it was over 40k in damages.. but lots and lots of stolen items stripped items.. contractors stealing .. its a challenge and one that I think is best suited for someone like you who lives there and watchs them like a hawk and with your background that is a HUGE bonus.when I started funding turn key companies in Detroit in 02.. they had some pretty unique systems on the rehab side.. 

You still have to store the items for X days, if I recall correctly. 2.

I asked for the name of the company for the mold quote and a copy of the CO docs (due to the agent stating it failed for two minor items); however after repeated email, calls and texts still have not heard back about any of the requested.

Looking forward to connecting to anyone and everyone who may have items to discuss and I look forward to being an active and helpful force in the forums.JJ Lopez

One possible difference will be the recognition of non-cash expenses such as depreciation since some items are entitled to bonus depreciation for tax purposes, while you can use a simple straight line depreciation for accounting purposes.

I think it's worth from the standpoint of pointing out items that would keep you from moving forward, foundation cracking, mold ect.

There was no line items for facia or soffit.

At our company we like our clients to be involved as much as they want to be with the expectation of trust in our expertise for certain operational factors.Also, if the turnkey company has well-established policies in place for leasing, resident on-boarding, standardization of renovation approach (replacing capex items first and foremost), and property management, then they could be a good option for investors.Also, look to see if they have warranties in place to cover the renovations they have completed on the property.