Here’s what I’d likely do Send him a letter Explain to him everyone else pays far more in rent and your expenses( taxes insurance water garbage repairs etc .

I am looking for a licensed contractor for plumbing, roofing, and electrical repair for a duplex in the Berlin NJ area.

To better insure a smooth mortgage loan process for the buyer, I'll pick up the $2.00, so we can round up to $754,500 even."   

That all depends on if the rent will fully cover mortgage, tax, insurance, 5% of rental income for repairs, another 5% for CAPEX, another 5% for vacancies, and another 10% for PM services (even if you self-manage).

Check your title insurance and see if their is any mention there.5 Check the county for liens against the property that have been satisfied.6.

Does anyone have any information or tips on how to file an ejectment, take possession, insure the home etc. 

There is led paint that has to be removed and the entire plumbing will have to be replaced. 

We also have a discounted repairs service, insurance and loan programs. 

Michael, what type of insurance policy  did you have in the scenario where you rented out rooms  and live in  1 unit? 

preferably a contractor or an experienced investor to help you size up how much $$$ the "little" repairs may cost.then use the rental tool here or a spreadsheet and plug in the numbers to make sure it cashflows after deducting expenses, insurance, taxes, property management and capex.