While moving out walk-through he updated landlord and suggested to service Air Conditioning unit since compressor was not working.

@Ryan Ellis: If it is in writing, then follow the terms and conditions that were agreed upon. 

Property Condition and Loans - Use the bankWhen you are looking for a property I think you have two options.

However, until I have a property inspected and know the current condition and life expectancy of all major components and appliances I will not lower it.  

Higher profit is fine but you may be dealing with interest rate change, market condition deterioration.

You need to figure out what the ARV or Fair Market Value of the property should be if you were to Rehab it to like new condition.  

This property was kept in good condition, and the price reflected that, but we were able to negotiate the purchase price down to 124k.

The agreement should say they have to leave the property in good condition.

I don't want to train the tenant to expect technical support on her devices from us, and I also don't want to spend the next three months test driving equipment and configuring tenant devices on the network.

ASSIGNEE accepts all terms and conditions of the contract for Sale and Purchase between BUYER and SELLER in its entirety.3.ASSIGNEE acknowledges receipt of legible copies of the original Contract for Sale and Purchase in its entirety including all Addendum(s) associated with this transaction.4.