In general, 3-5 or under could be a simple Joint-Venture or Tenant-In-Common arrangement.

I was curious what are the common repairs needed on these types of houses?

One type of mod that was common around 2011-2013 was a graduated one.

Due to the fact that I will not have access to the amenities for an extended period of time such as gym, pool and common areas and minor service requests which I have been doing myself (cleaned clogs in sink and toilet).

If you believe that's the least common denominator and the world will reduce to that eventually, I dunno, maybe it will.

I've done some reading and searching through the forums but haven't really found the answer I'm looking for (i'm sure it there I just can't find it).I know this is common inquiry but like I said I'm not seeing my question answered. 

Is this a pretty common formula lenders use?

The question I have, what is the common practice in this case related to the lease agent fees.

Again, would you mind explaining your rationale since I have read it's common for contracts to be 1-3 years.4.

If it’s common meter, budget for it, monitor it, and pay for it yourself.