You got some good comments already.The one thing I would add is if the gas covers heating, then it depends on whether the custom in your areas is if the heat is included in the rent.

After-tax IRA contributions are not subject to income limits.

Also and damage costs not covered by their insurance company the tenant will be personally responsible for.

Provider also mentions that this is a standard stuff use to cover their (inspectors) liability when they don't fully inspect an item.I am trying to understand how bad the roof really is and planning to get a independent roof contractor to check on the roof. 

However, in this case, since he is a dealer - these installments are subject to SE tax, offset by business overhead expenses.In other words, if I use 6252, I end up splitting the business between two lines of 1040: zero-income/large-expenses Schedule C and 4797 gain.

The forums are really helpful and covers about everything.best of luck.

If my 3 bids come back higher then we will have to negotiate down dollar for dollar to cover.

Consider a well cover over your well, as well.Consider doing the project with the tenants there. 

With PMI, you would need higher rent to cover the additional PITI payment so if you need 2% to cash flow without PMI, you would want to raise, not lower, your rent to purchase ratio.

For example, "all property left by tenant will be stored at tenant expense, after 90 days the property will be liquidated and proceeds will be used to cover storage and processing costs.