The sellers have not been responsive when asked to provide that information, which is why I was wondering if it's a typical practice prior to submitting an offer. 

If calling a plumber to fix a real leak is going to kill your reserves, this is a bad deal on a property and bad cash flow.The first thing to learn as a landlord is that everything is your responsibility to cure.

Generally, using comps that are over 12+ months sold are not reliable to be an accurate reflection of current market values.

Also make sure that you're using "per unit" numbers for your rules of thumb because this is much more accurate than simply looking at the expenses as a percentage of the property's income.

For flipping, focus on accurate ARV estimates and budgeting for unexpected costs, while for BRRRR, building strong relationships with local lenders that can help streamline your hard money into your refinancing.

I haven't reviewed the Standard Lease Agreement yet, but all I need is the right to sublet, and possibly some negotiated capital responsibilities (owner pays for repairs over a certain amount or split responsibilities on certain expenses).

And yes, that's a rather accurate measure. 

Looks like a young group of professionals with not enough experience, navigating through various market cycles to produce an accurate  business case.  

We’ve found that traveling healthcare professionals are typically great tenants—responsible, clean, and reliable.

To help you, we have developed a simple tool for gauging your emotional response to some common aspects of rental ownership.