I was getting $1,200/month in rent and I was self employed and had family in the area (with their own rentals) so small maintenance items were easily handled. 

However, there are several items in the punch list that concern me.

Hey Rob, The only way I can answer this is what would I do if I was in your shoes - 1) I would only use a HELOC for minor items and repairs. 

Is there any feedback/ suggestions or items to improve the home for the next guest stay?"

As far as DP that's a lender negotiated item.

(laughing)Can't hep with hold/rent or to sell it etc... but anything related to the roof or those items, happy to discuss!

Assume $700 per building item to fix including labor

A: Yes, you will get an itemized list of the repairs and photos of the before and after the rehab.Q: If anything goes wrong down the line with the work, can we contact the rehab contractor?

The old one was awesome, plenty of options to customize and get down to the nitty gritty of each item needed for a project. 

Roy, I PMed you my contact information.Also, I have 3 clients at the moment who's 2010 returns are being looked at by an auditor.Cheryl,All records every year should be put together in a fashion that if the IRS were to audit you, all you would have to do is pull out those items from your files.