You don't want to niggle over every last detail with excessive back and forth negotiating.

4- Who maintains control of items purchased for the above work, the Management company/Landlord or the Make Ready/Rehab contractor?

I had TD forward me the paperwork that was submitted to them and as it turns out, it was one page with the entire amount requested in cash hand written in (I had typed in everything on their provided form in exact detail). 

@Ian Boyle it's hard to know without more detailed numbers.

@Owen Dashner thank you so much for such a detailed and thorough answer!

It's more of an issue for disclosure items like talking about the seller's situation to the buyer or talking about the buyer's situation to the listing agent or the seller.Having the agreement also allows the agent to negotiate on the behalf of the buyer.Also, it protects the agent in situations where a seller or an unethical listing agent tries to cut your agent out of the picture with the promise of a better deal.There are several hours of training on laws of agency.

As a result, I never get push back on the contract and people will sign literally at the kitchen table without reading in detail. 

Having everything together in one place will help you see the overall health of your business plus these are related to each other, for example, your mortgage payment consists of interest (P&L item) and principal (liability) so you don't want to track the interest only on one software and the principal on another.

Keep in mind we do not have known cost amounts for these repair items, and can just make estimates, and hope no other costly issues are uncovered after attacking some of the repairs.My question is, with our next interaction with the selling agent, should we:A) Ask for the major repairs be metB) Ask for a decrease in agreed upon price (without great idea of what the repairs will cost)C) A combination of both; settle with some repairs met, and a decrease in priceOur entire list is below: (keep in mind that I am not sure if all of these things need direct attention to get the unit rent-able, or if some items can be overlooked for now and deal with later as they become more of a problem)Repair List:Items that need attention before renting unit:Big Ticket Items:Install furnaceInstall all new appliancesInstall water heaterExterior electric power supply is damaged, needs repairInstall guttersNo termite treatmentNo gas meter, install newAttic decking has moisture damage, needs repairSmaller Repair Items:Install electric panel faceplate and secure exposed wiresTwo prong outlets (could not test), swap out, install GFCI where neededTrim tree limbs in contact with power linesMissing light cover under front entranceRepair kitchen windowsRepair kitchen sink leakRepair utility room leakInsulate atticSeal gaps in living room doorLoose bathroom faucetAdjust shower water pressurePatchwork performed in multiple rooms, walls are plaster on wood lathe- which I have been told can have asbestos issues once opened upDeferred Cost Items:Large tree removalTorn and missing roof shinglesSeal plumbing boots on roofRaised soffit under car portSecure electrical lines in attic, they run over attic stringers, not through them (necessary?)

High leverage coupled with cyclical markets, low reserves, bad locations, under-capitalized properties, short-term debt, low cash flow, no value add, or some combination of these items is where owners get in trouble.