The other item I would consider is whether you can add value (increase revenues and/or decrease expenses) during this time period that will help mitigate the rate change.

Typically, when I'm buying, I do not pay for any of the closing costs, except for items which are pro-rated (I pay my share and the seller pays his) and I pay half of the title company's closing fee (which in Nevada, is about $300 per purchase I make).

Then fix the items and go after them for damages.2) You could make the repairs now and charge them for the repairs. 

Hello BP Community,
I am currently working on my first rental property. We are currently in the rehab stage of the property, and we are doing everything ourselves for the renovation excluding the heating and air. As...

Your soft costs are extremely high.Site development is way over.Have the engineer do a line item estimate to build out. 

I will get the items done and keep you all posted on any items

Google maps is my go to for getting an idea of the property and the neighborhood. usually a couple minutes will display the condition of the area and neighborhood.Also, if you are working with an investor focused realtor usually they can book a showing for you and take videos of the space and any concerning items.

That is another item to review, not to say that is good or bad either of them though.

They will not accept items such as paper diapers, toys, sanitary napkins, tampon applicators, balls of hair, grease, table scraps (if no garbage disposal), clothing, rags, sand, dirt, newspapers, or similar items.

They should be issuing you itemized statements on a regular basis that will break down maintenance, management, utility costs, rents received, etc.