Is there an opportunity to push rents? 

I was more so trying to roll with his excitement! 

After this purchase, this will push me to 88 rentals.

I know in Alaska sellers push property documents like furnace, roof, heating system inspections, as well as financials and proof of rental income. 

A pickup truck would definitely have sufficed.I say push the PM/LL to pay for the expenses. 

If you have a mix of stocks and bonds and the overall account will be a lot less volatile.Once you have that account set up you can just call John Hancock and tell them you want to roll your account over to your new 401(k).

While @Jacob Sampson's example of 60 times the monthly rent is just one way of evaluating a deal, it might be one that might push you even further away from being able to see the value at your potential investment properties.

cap ex repairs and vacancy seem to be the bare minimum, I'm assuming that this isn't in the best neighborhood which would push repairs and vacancy up for sure.  

@Cassi JustizOk thanks, so essentially I need to build my egg of cash to invest and get the ball rolling, by increasing the EOM cash...paying off whatever else I can (cc debt free), so things like car, etc...Then I can play...

Now if he pushes back and you end up in court tryin to evict him on these grounds, its going to be hard to win.