IE. she cannot just make unreasonable demands and expect you to fulfill them.You mention California is a very tenant friendly state and I see you are in Milburn.

The seller mentioned he was going to contact them (seller is a licensed agent) but if I'm being honest, I'm not entirely sure what my role is here other than the fact that I am giving a check for a certain amount. 

For some reason, I can't get the @Mentions feature to work right now.

If I see them or talk to them about something else, I'll mention it as well.

Don't forget the fees which typically are a few %.... but like @Jay Hinrichs mentioned your credit will take a HARD hit.

Earlier in this stream of comments it was mentioned that Fort Lauderdale is not a good location to invest I'm wondering why he would say that is it due to the price is being too high?

Which are similar to the areas that Aaron mentioned.

For example, even in this post you mention that there are two meters -- do you mean electric or gas?

If your guy is preapproved for a loan, his bank most likely isn't going to fund the deal with income like this for the reason that you mentioned, free cash doesn't even cover debt service.

I only mention this because it was a great deal and had my ducks not been lined up someone else surely would have beaten me to it.