An experienced agent would have worked with the seller to do the repairs before they sold, and captured the forced equity in the sale.

Be sure to have the gas, water and sewer lines inspected as these may be dug up or collapsed - and very expensive to replace/repair.

If the receipt says what it cost to do the repairs, that amount should be reimbursed.  

Even if they don't realize how much money you're costing them now, someone will tell them eventually and I don't think your canned wholesaling response is going to do much to repair the damage. 

Trying to save $$ so I can prepare emergency funds in case of any major repairs etc .

Since you're wrapping up paperwork, make sure your lease terms are solid, get the right insurance (landlord + homeowner), and set aside some cash for future repairs.

- What level of repairs are you willing to do?

@Brian Jackson is doing repairs yourself the highest and best use of your time? 

From repairs and maintenance?

Immediate attention to tenant problems, concerns, and repairs. 5.