All i have done was said, "I appreciate knowing that the title will be clear at closing."

However, it wasn’t clear if lawn care, snow removal, and ongoing maintenance costs are included, as they were initially listed as $0.I’ll clarify with the seller exactly what’s included in their reported expenses to ensure we have a complete picture of recurring costs and any potential gaps.the seller dropped the price from 798k to 645k.

In industrial, my experience is clear heights, door count and size, loading dock access, and (probably not the case here) how perfectly level are the floors.I would also run a price sensitivity on how far rents may be able to drop to still make this worthwhile.  

As soon as I read "hired a property management company to handle the day-to-day" it was clear to me and anyone else with a basic understanding of the rules that he was likely SOL.

.- Once it looks like you are going to clear $50k for the year - after everything is deducted!

My PM at the time was adamant about sending the tenants to collections once we had a clear idea of the figure they're responsible for, which is about $10k.

Clears in 400's.

Reading this helps me see things more clearly. 

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

Happy to answer more questions if the scenario is not clear.