They also provide legal and tax support and will also make sure that all necessary filings with the state are completed on time.

Initially we were going to simply flip it, but then the market began trending in a direction that supported holding it for a year. 

Without the supporting data, no one can give you an honest answer.

I think that conservatively the area supports $550 (*8) for a one bedroom and $600 (*8) for a two bedroom.  

I'm fairly new to the industry, but am supported by a great team at the Denver Homes Group.As a new member I look forward to contributing to the community my thoughts and experiences but am really excited to learn from the pros on BiggerPockets.

We have a great team of support staff. 

IMO if your local market does not support the numbers you want, and you want to buy out of state, then turnkey is a good option.The reason being is scale.  

I washed the walls.

I'm pretty sure that in both cases, if I wanted just the termite inspection for some reason, I could have paid a lower fee and gotten that.Keep in mind that I'm very new to this, but my thinking goes as follows: If you know the house needs (say) $50K of rehab otherwise, and you have to open up enough of the walls or floors that you'll probably see any damage that is already there, then skipping the inspection and maybe having to spend another $2K on treatment if you find damage is probably not such a big deal. 

The city is taking action for "lateral" earthquakes, an example for this is on concrete basements, these doesn't apply, because there are shear walls below the building to hold its weight.