In fact, it had the old flip down burners on a very shallow tile counter - where you have to flip down a burner if you wanted to cook. 

I've read about possibility of converting the burner mechanism from oil to gas and also trying to get a sense of options for submetering.

Having expensive car loans, even having expensive cars is for fat cat rich investors. 

Everyone should boycott them anyway, based on fat content.

So keep fat margins in all of your estimates. 

I know if I hired one to take care of a property, there would be a fat bonus at the end of the year if there were no problems and I was making money because of their good management.

I am being told by the bank to get it done before next inspection.. not to mention full time handy man and new carpet.. finding out the some people have had stoves that only had 1 burner that worked etc.. it is a bad situation..

If he was originally on the application you should have discovered the seven evictions (pro-tenant) and gave a big fat NO to rent to them.If he was not on the lease then monthly inspections should have shown unauthorized tenants and also condition issues with the property so you can evict early as possible.

I also completely understand that if you're running many rentals you can't waiver at all and therefore this guy would be told a big fat no, but since this is my one and only rental I feel like I have a little more flexibility.

But I've been burner before.