To be honest, I have had inspections that were missing key things (like the inspector who was too robust/heavyset to go into the crawl space to discover that all the copper plumbing had been ripped out), others who found the obvious (the plumbing should be replaced...no duh) and others who were pretty useful (the chimney is falling over so it would be better to get the roofers to tear it out and cover which saved me a ton of money).

The example you gave and many things fall in a grey area.

Never ever heard of a company paying the lost rents as well like Tim said (unless you bought tenant skip insurance) but who knows lots of companies do lots of different things.I see lots of companies allowing the owner to make the final tenant selection like James mentioned and although it's crazy from a legal standpoint (opens the PM up to discrimination claims) they all do it so if anything goes wrong with the tenant they can fall back on the fact that the owner picked them (which is pretty smart).

Rami,Here is a link for you to learn a little regarding your dilemma: https://oncarrot.com/why-real-estate-deals-fall-through/?

Where does "quality in design" fall on your list of priorities?

I just finished a house and if I had to pay both of these fees above would have cost me $30,500.As someone who doesn't hire these people, I have always figured a GC would fall into the 15-20% of the rehab costs ($5,000-15,000 on the flops I have completed) and a designer simply picking out colors and tile I would honestly be willing to pay up to $1,000-1,500 TOPs, however would also expect them to helps with all aspects of design, inside and out. your GC costs to his family at first seemed high, but I guess wouldn't be over the top when really broken down (assuming he is running the job full time, and the time was agreed to, not allowing him to drag it on and continue to make more and more money while you lose money).

Real Estate Wealth – The Easy Way – Hard Way – Impossible WayThe Easy Way – Inherit money or real estateHit the Lottery Get a loan from Dad like The Donald didThe truth is – There aren’t any easy ways to accomplish wealth in real estate – even if you fall into one of the above categories, you still could fail financial and with money much faster.

I expect to fall, face hurdles and mountains, but my dedication and commitment to building a better life for my family will not waiver.  

Unless you're talking about a market with constant tourism (Vegas, Niagra Falls, New York City, Orlando, etc.), I think that most vacationers hit the summer months and the winter holidays, with a sprinkle of spring breakers if you're in a warmer state. 

Simple, you will have one very recent one (hence the timeline) on file that can be referred to, and, can be used as a strong argument if/when your property falls into the situation you are in now.