Vacancies are higher, Dumpster for trash, lawn maint. ( i guess ya dont need snow removal, LOL) How about Air Conditioning?

Of course many lawyers would tell you otherwise.Of course, one possible advantage (if this is important to you) is that an LLC provides a layer of obfuscation if for some reason you are looking to make it harder for someone to find out you are a landlord through public records. 

Obviously, you'll want to take the contract to a lawyer before signing it but this will take the burden of coming up with a contract off of you.I hope this helps, or maybe even provides a starting point.

I would talk with a lawyer.

@Richard Wilson Alright I'll answer on one condition you have to ask another question lol.

Consider rent for other units in comparable condition a little further from your property particularly if next door is in much poorer condition.

I'll offer his asking price on the condition that an engineer looks at it and that he does the recommended work on his dime.

I head about them online, however their terms & condition paper work does not look very common and has multiple confusing clauses.Just want to know if anyone knows about them or their service?

There are two ways to do it.If you are looking to buy as a primary residence, you base the value on the comps with any adjustments for condition and amenities.If you are buying to flip, you use the flip formula: ARV - profit margin - rehab costs - closing costs - finance carrying costs = maximum possible offer.If a seller is holding out for price, a low offer without contingencies doesn't mean very much to them.

Tenant’s use of such furnishings shall be “AS-IS”, and Landlord has not made, does not make and hereby disclaims any representations or warranties (including, without limitation, any warranty of merchantability or fitness for a particular purpose) as to the physical condition of the furnishings or the suitability or usefulness of the furnishings for Tenant’s intended use.