It's still the wild west but I suspect we'll see some serious measures to clean it up in the next 3-5 years.

We are looking to buy for the acerage and if the house is salvagable, we would consider it but we'd have to clean everything out first since it was used as a hoarding site it seems like. 

Since you didn't specify the size of the 1 bedrooms I will use $1000 for cleaning and repainting. $1250/20 months =$62.50 per unit per month for the 1 bedroom and more for the 2 bedroom.

During the first walk through, we made mental notes that we would gut the bathrooms, clean and paint the rest of each unit and leave everything else alone.

During the 1st walk through, we made notes to gut the bathrooms, clean & paint the rest of each unit & leave all else alone.

Landlord maintenance duties not mentioned ... regular cleaning, changing lightbulbs, regular landscaping, changing filters. 4. 

That way you can cleanly negotiate, discuss, and reach agreement on (all of) the terms of YOUR agreement.

We ended up clearing and cleaning out the basement which led us to having it renovated by a contractor.

We advise the prospect that once unit is vacant we will inspect and address any cleaning/minor repair issues necessary prior to possession.

As a property manager I charge application fees, security deposit, pet deposit (if applicable), and cleaning fee.