It's on you as the buyer to complete your due diligence, and that could have included HVAC techs inspecting the units on your behalf.

I see many times investors spend a lot of time "preparing" (myself included!)

I haven't come across a bank which will let with zero skin in the game.

One was at 17K and I was at 15K that was the closest.On top of that of the claims I filed even none of them meet deductible so I got zero from it, all the carriers mailed me letters demanding to see documentation of the repairs including licensed contractor official invoices, before and after pictures etc...so you won't "pile on" the claim on the next hurricane.There is also one carrier I think it's called People's Trust which is becoming popular now in FL and there is a lot of talk about their "First Response", since if you go with them you have to call their first response team or you forfeit your claims. 

@Garret Ball, there are a lot of ways to skin the cat in Real Estate.

It includes the common repairs we have found -- fist holes, broken bi-fold closet doors, trash left in units (we charge for dump runs).Some localities do not allow LLs to charge for their own labor, some do.  

If you plan on using a loan to buy, then include your mortgage payment. 

@Libby Baugher When calculating cashflow requirements, I believe that @Brandon Turner is always including financing costs.

Now I still have tonnes of stuff to learn after purchasing the property including building a team that I can depend on.

It's very cheap here in South Carolina ($110 one time fee), but I hear California is quite expensive and includes yearly renewals.