I've since had to do a service call for the fridge and had to replace the oven recently as the repair was going to be about as much as a newish used one that was in great shape. 

If they agreed to that, then the clause appears to be fulfilled assuming the lessor approved the quality of work.The entire clause is kind of sorry in the way it's put together and reeks of amateurish property management by an owner.

Like every investment asset, real estate investing is not risk-free.And many more.....Answering these above questions will allow you to ask your potential real estate agents the right questions.Remember that the quality of your questions has a direct correlation to the quality of the answers you get. 

Cash invested: $80,000 Acquired this property Sub-to as a quick flip with minimal repairs required.

Yes, estimated about $30-35K in repairs and negotiated that into the purchase price as best as I could. 

Yea the thing that was confusing was that the listed rentals on Zillow or Redfin had pretty big discrepancies in price while they appeared to me to be of similar quality. 

First you need to learn to separate the following:Maintenance: usually things related to wear & tear or tenant damage.Repairs: usually broken items like doors & windows, caused by tenant or nature.Capital Improvements: usually expensive things that wear out: hot water tanks, furnaces, roofs, etc.The seller is correct that Repairs & Capital Improvement items should not be a factor for awhile (ALWAYS get your own inspection to confirm).

The Austin metro market is approaching that territory.Here are the full stats for Austin and the greater metro:On the rental front, a recent Redfin report placed Austin atop the list for the largest year-over-year decline in median rents among US metros:Appropriate rental pricing and high-quality marketing are vital to navigating the current leasing market effectively.

Out-of-pocket capital improvements and repairs anticipated during the first year12. 

Always fix all water issues first before moving on to doing major repairs of a structural  nature.