Require that only 1 item per request be allowed. 

I dont figure in capX as I "float that across the portfolio, and we try to cover big ticket items up front if possible, when doing the rehab. my suggestion is to be careful buying as the market is rising, I have backed off, the deals are harder to find to meet my needs, because buyer competition has picked up. it will cycle, so be patient and only buy Great deals!!! 

So make sure that the terms of the loan are better than what you can get today before committing.One really important item to note is that FHA/VA/USDA loans all require you to live in the property...and that will be a condition to assume the loan.  

I will be carrying these two items with me next time I am out.

As far as the documentation goes, are the items you mentioned something you would need a lawyer to evaluate?

Yes, I would skip it, especially if the collection items are within the last 3 years.

As others have said, there's no issue with items containing asbestos if they are in good condition and not being disturbed.

There isn't for your rentals; however, the itemized deduction limitation is for your Schedule A.

Run the same experiment for any other maintenance item ... go ahead ... new roof, leaky faucet, busted mirror, whatever ... does the same exact repair cost 3x as much in Los Angeles as it does in Phoenix? 

That's 4 separate risk items generating about $125 cash flow a month.