Also require the agent to show them a Consumer Notice, Lead Base Paint and the Money Deposit Notice.Why does the end of a sales agreement ask that the buyer sign saying that they have received an estimate of closing costs, when a contract is signed before any of that is done?

They are good wholesome people who pay their rent on time.   

Prep work (caulking, sanding, taping) can be extremely time consuming and tedious especially for an amateur.

@Aaron Hollingshead at that level of rent on a SFR your fixed costs are likely to consume all your cash flow

All this talk has worked it's way to the consumer. 

He never really had time to dedicate to property management (which can be very time consuming.)

While we're not big banks, they have the same mindset that I do, it's cheaper, less time consuming, and in the interest of the long-term relationship to work with the customer.

You may be able to assist them with time consuming tasks they may be looking to outsource such as cold calling, data entry, etc.

For one of our full time vacation rentals we end up with:30% management fee6% property tax4% utilities (mostly cable with I think 12 TVs in the house)5% maintainence, furnishing.1% advertising on our own website, on niche terms pushing users towards Airbnb, vrbo etc1% legal for LLC and vacation rental permit.1% consumables and gifts for guests.0% cleaning as this is covered separately by the renters.10% mortgage, bought when rates were low a couple of years ago.Your results will be different as you are in a different market or submarket.

They even sent him links to bogus attorney profiles and said they were working on the deal.If you want you can also pick up a free copy of the Consumers Guide to Timeshare Exit, which discloses that at many other timeshare exit scams.