I would never accept such a report AND I want all that data for the case I need to go to court or collections. 

Many investors will simply judge offers, be afraid to send in deposits or shy away from the contract writing process because they feel like the seller will not accept their offer.

To my understanding, the main stream of income generally comes from leasing it out to a single tenant for an extended period of time.My question is, instead of leasing directly to a tenant, would an owner of an investment property consider selling their rental rights for a fixed amount to a short-term rental manager?

If the LLC did not own the properties, did not actually spend the money for the expenses or accept rents then you should claim the expenses  under your own name.If the money ran through the LLC then the LLC would claim both the income and expenses.If it was some combination of the two then you have a bit of a mess to clean up.

Assuming that is the case, your answer can be similar - state you provided a refrigerator for them as provided in the lease, that they agreed it was satisfactory when they took occupancy of the premises (I trust you have a document they signed that said they did accept them and found them satisfactory - if you don't, create one and use it henceforth), but if they don't like it, you will remove it, and they may provide one of their own.Another example, I don't have garbage disposals in my rentals because they are nothing but trouble. 

The title company doesn't accept cash (except for very small transactions), and I didn't have $60,000 just laying around, anyway.

I would stop and think about what is an acceptable rate of return for the cash you invest and select price points that allow you to get that rate of return.  

I've never worked with Section 8 so can not give first hand experience with it, other than I have refused to accept it.  

Thank you for your advice.No this means that he placed the bid in your name and it was accepted by HUD and y'all have 2 business days to get the contract in. 

update: owner is willing to sign papers for me to talk with the bank if I give him some cash.Any suggestions on what percentage of the balloon payment I should offer to the bank that they will be likely to accept?