This is a very common mistake that investors make and it will cut into your rent and days on market by a lot.

I have seen too many people not only getting in trouble with the IRS, but losing their investments to sketchy but appetizing "opportunities" to cut taxes.

Quote from @Tiffany Roberts: Not everyone is cut out to be a Landlord.Yes, you may kick yourself in 10 years.

One claimed $100 per day fine from not cutting grass for 2 years to take the $70k excess proceeds.

This house also had a recent price cut but to your point, it might very well still be overpriced.

@Nicholas Jose the tenant estoppel is usually during escrow and the deal could fall through or the closing date could change before you get to closing so I'd have it be cut entirely from the letter and then just get your info/ tenant estoppel during escrow with separate documentation.

Cut your losses and get her out.

Neighbor refused to cut trees down.One tree fell on tenants RV, totaling it.

Got new renter, but the 2nd contractor cut some corners, took about $10k to finish it and the others. 

It should cut down on costs and complaints.If the tenant demands upgrades you can't do, I'd give him whatever notice is applicable in the jurisdiction to tell him to go pound sand and find another place to live.