I would prorate the heat bill every month based on square footage and give the tenant a copy of actual bill to verify your math. 

I would highly recommend that during your option period or contract negotiations that you ask to see a copy of the restrictions so that you can determine if this falls into your objectives and tolerance.

The bank was asking $79,900 for it (at the height of the market in 2006 it would’ve sold for about $140k).

A couple of other updated houses sold in the higher range but maybe we aren't so lucky.

Wood didn’t hesitate to email me a copy of the front and back of his Connecticut driver’s license.

@Chantele JoordensWe have several (8) properties in Uptown SJ and are familiar with most that have sold in the past 2-3 years.The rental market in Uptown SJ varies greatly depending on where you are located ... there can be significant differences in tenant population, turnover and rent levels from block-2-block.  

What you did (or rather are doing) is you sold and are moving out of state. 

I sold a note this time last year but never reached out to them.

The properties were sold through a organization called Renew Indy.

As a Realtor, when I sold properties to investors, I would tell them, from my own experience, how much money they could get in rent for this home.