So, cover yourself by letting them know your intention. 

So the rent market rent came higher at $1550 but she paid $1450, they ended up tossing the Rent to Purchase agreement giving seller concession to cover to cover closing costs and had seller to move tax proration on the seller credit column as that is the only credit that can be applied towards Downpayment as part of the MRI, so the borrower ended up bringing her own funds for most of the downpayment.

However, if you read them and if it covers your main concerns, it should be fine.

Seems like rent is never high enough to cover these items.   

Monthly Cash flow: $110.51COC ROI: 9.86%2% Rule; 0.74%I would need to find a partner on this deal to cover the additional capital I do not have.

Give him pictures of before and after. 

Go to the OZ website for blocks of areas that are covered.

Which makes me nervous about unseen issues like asbestos, lead paint, etc etc.I plan on asking the seller for all of the closing costs - I'm not comfortable with the amount of cash I'd have left over if I have to pay them.I haven't seen the property in person yet so it's hard to say for sure, but from the pictures it looks to be in good condition other than needing some cosmetic work (paint) on the outside.Do I need to have 15k sitting around just in case?

If you pay $5,000 to your accountant who will save you $15,000 on taxes, it's a totally different picture, right? 

Evictions are few and far between, but when we have one, the security deposit is NEVER ENOUGH to cover back rent and damages, the tenants always owe more.