@Derek Gibbs there are a few line items that need further investigating - taxes, lawn care seems high but there isn't much info on the physical property.

If those are your only 4 line items (insurance, tax, water, electricity) on your pro forma then I would take a step back and reevaluate.

There are several important items that every investor-owner should consider in leasinghis unit.

Usually not providing those items indicates that the buyer is not serious. 

Focusing on a few items provides clarity and brings a sense of purposes. 

The seasoned pros "must" have some go to items they purchase over and over.

2) Out of these items, which are the most important to push to get addressed:- Ceilings have minor cracks in them and seller doesn't want to address this...not ideal but should I push on this?  

I see no need to spell out each item individually in an agreement.  

you are paying taxes and insurance one way or the other …….as strictly a convenience and also a decent way to  budget for these items - I would recommend  an impound account  …..also most lenders  will charge a .25% fee  to waive impounds

I had a brand new construction home I bought 200k and the tenant for some reason totally destroyed it.. now it was so bad that the insurance company covered it and went after the guy criminally.. but it was over 40k in damages.. but lots and lots of stolen items stripped items.. contractors stealing .. its a challenge and one that I think is best suited for someone like you who lives there and watchs them like a hawk and with your background that is a HUGE bonus.when I started funding turn key companies in Detroit in 02.. they had some pretty unique systems on the rehab side..