Some of which include:Debt ServiceInsurance (proper STR insurance - not a standard fire policy)Taxes (both normal property and STR taxes)VacancyCAPEXElectricity, Cable, InternetFurnitureSheets, towels, etcCleaning/maintenance Gardening/lawn-care Etc.Im sure I missed a few - but you get the point.

@Aaron Cullen good question. if your rehabber cuts corners and performs below standard repairs, once they pass the property on to the property manager and new owner their hands are washed of it.

It is in bethel AK where all houses are on post and block foundations, because the tundra and perma frost moving around will crush a standard concrete foundation. 

. $500 - $1000 is more then fair for a guy to spend a couple of hours to make sure professional fill out standard paperwork, and transaction will go under his insurance.

I wouldn't do it solo on my first few transactions.Should be easy to find a standard PA purchase and sale agreement.  

My first tenant is moving out and it is not going smoothly.There seems to be a lot of excessive damage to the house and I want to know what is normally considered excessive damage.Is there a standard listing of typical excessive damages in rental properties?

That is the standard at any bank. 3-6 month reserves as well."

Is that pretty standard?

The implied warranty of habitability requires landlords to maintain their rental units in a condition fit for the “occupation of human beings.”86 In addition, the rental unit must “substantially comply” with building and housing code standards that materially affect tenants’ health and safety.87A dwelling may be considered uninhabitable (unliveable) if it substantially lacks any of the following:88• Effective waterproofing and weather protection of roof and exterior walls, including unbroken windows and doors.• Plumbing facilities in good working order, including hot and cold running water, connected to a sewage disposal system.• Gas facilities in good working order.• Heating facilities in good working order. • An electric system, including lighting, wiring, and equipment, in good working order.• Clean and sanitary buildings, grounds, and appurtenances (for example, a garden or a detached garage), free from debris, filth, rubbish, garbage, rodents, and vermin.• Adequate trash receptacles in good repair.• Floors, stairways, and railings in good repair.In addition to these requirements, each rental unit must have all of the following:• A working toilet, wash basin, and bathtub or shower.

Or could I at least FHA, refinance to a standard loan, and then redo another FHA for 3.5?