You might also offer some financial bonus for the tenant when they move out if they leave your place in good condition and remove all their belongings.

Seller shall be under no obligation to (A) remove any title exception (B) bring any action or proceeding or bear any expense in order to enable Seller to convey title to the Property in accordance with this Agreement or (C) otherwise make the title to the Property insurable.

They will help minimize major short cuts that you wouldn't catch.So, please, don't waste the money I did.  

The fact that he doesn't even want to move into a renovated unit is in your favor as it sounds as though your reno efforts may be a waste of time and money in his case.

The lender will want an appraisal done on the property to confirm the property qualifies to have the PMI removed. 

I'm looking for someone to remove a dead tree and grind a few stumps. 

The property obviously cash flows, so I'm torn between just ignoring it and keep collecting the rent... speaking up and giving them a pep talk (which is a waste of my time)... or putting it up on the market and letting some other heartless bastard worry about it.

Obviously, investors buying these "existing" turnkey properties would want to use their deferred maintenance to cover costs of paint and carpet replacement once the tenants move out.The biggest mistake with an investor purchasing a turnkey property is removed the 8-10% deferred maintenance from the monthly rent since they assume there will be none if they bought the property from a reputable turnkey provider.

Hmmm, removed

I actually have some contacts (one layer removed but well verified) who could throw down the amount you are talking about from their personal checking and not ever worry about the result.