The owner did mention they want to eliminate being responsible for the mortgage.

These will be addressed without any "gray lines".It is stated in my lease that "Tenant is responsible for keeping all interior and exterior of property clean and free of clutter and dirt/grime".

Thanks Jason for your response! 

Do I need to get the house re-appraised for this purpose? 

What many of us are saying here is responsible use of leverage. 

@Michael PearseThanks for your response I fully anticipated needing to make 20 to 40 offers prior to an accepted one, but shocked how over the top these other investors were vs my offer.

It's sad that he can't figure out his life but it's not your responsibility.

I assume the main purpose of the contract is to ensure that any additional training and mentoring does not turn into a waste of time and money for the RE company if the new agent is untethered and decides to leave for another RE company.2). 

Just a few short months ago, my 2 partners and I created an LLC for the purpose purchasing buy and hold rental properties.

His response was “Lol, it’s not worth 450k”.I started wondering if the Miami market had plummeted overnight and no one had told me.I looked up the comps and my evaluation is the property would sell for well over 500k.