"He's sure throwing his weight around eh?"

I don't know if this would have any weight  any how because they had a lease and full filled it by paying March rent.  

Jim Jack,  Like any business transaction, 'signing the deal' theoretically holds 'more weight' at your office / virtual office, or other related 'place of business...'

Additionally if the seller is familiar with the buyers attorney or the lender that can carry additional weight as well.

We appreciate having you as tenants and hope you are happy with the house & our responsiveness related to upkeep/maintenance.We have done some research of available rentals in our area.  

All of the weight cords have been cut.  

I belive it's more a result of not sufficiently upkeeping old construction. 

My discussions/agreements have the tenant responsible for maintenance/upkeep, such as changing their own light bulbs and unclogging their own toilets, cutting their own grass, spills on the carpet, replacing things that become damaged due to their wear and tear up to $500, since they plan to ultimately purchase the home and will need to have a good appraisal for their own home loan, I ask them to care for the property as an owner would. 

You may want to send your CPA the info on yjr specific truck and see based on weight limits which category it falls under 

I’ve done two sets of calculations, first set is assuming I pay the asking price and leave rents at $600 Asking Price $144,000 Rehab $10,000 Closing costs – tax & insurance = $4905 Down payment $39750Potential gross rent $1200/mo $14400/yrExpenses: Taxes $1259/yr Insurance $1000/yr Garden upkeep $600/yr Vacancies 5% $720/yr CapEx 5% $720/yr Repairs 5% $720Expenses $5019/yr $418/moMortgage to include: asking price + rehab + closing costs = $159000 ($604/mo)Total expenses = $1022/moCash flow = $1200-$1022 = $178/mo ($2136/yr)Cash on cash ROI = $2136/$39750 = 5.4%This below calculation assumes I pay $120000, and increase rents just a little to $700/mo.Asking Price $120,000 Rehab $10,000 Closing costs – tax & insurance = $4905 Down payment $33750Potential gross rent $1400/mo $16800/yrExpenses: Taxes $1259/yr Insurance $1000/yr Garden upkeep $600/yr Vacancies 5% $840/yr CapEx 5% $840/yr Repairs 5% $840Expenses $5379/yr $448/moMortgage to include: asking price + rehab + closing costs = $135000 ($513/mo)Total expenses = $961/moCash flow = $1400-$961 = $439/mo ($5268/yr)Cash on cash ROI = $5268/$33750 = 15.6%Some questions I have in general, is 5% enough for repairs?