At each step you find your lacking some info to complete it, GREAT, that's your primary action item #1, finding and obtaining that information.

This is just a few of the items.

Keep cost down on hanging pictures and small decorative items.  

You can’t always prevent overruns, but knowing about them in real time gives you a chance to adjust your strategy or even recoup some costs at resale.It’s also important to keep your bookkeeping current from purchase through resale so you know where you are throughout the project.As for the contingency, I recommend estimating renovation costs using a range for each line item on your punch list, then leaning toward the higher end of that range.

While I suspect nothing is perfect and this is a valid concern, on the call they mentioned items to make it seem secure. 

On properties in that price range (which are often a bit older), one big-ticket item can pop up fast—think an HVAC unit failing in the middle of August or a roof issue after a big hail storm.Your plan to aggressively pay down and drop PMI is smart.

A couple items to add:1.

If she has been there 10 years, many of these items you would expect to have to replace due to normal wear & tear.  

I imagine most of it is time and labor as the kitschy items cant be that expensive. 

By eliminating the separate, "service fee" line item at guest checkout, the "all-in" pricing model aligns better with modern travelers and hotels.I personally believe this helps everyone in our industry attract more guest demand.Guests see the final price up front, reducing the "sticker shock" that often leads to cart abandonment.