Thanks for all of the replies. While I understand that there is nothing (except see below) from keeping the furnace from working properly with this configuration (assuming that the allowable air for combustion is sufficient), one concern I would have is this; what if someone places the instructions (or some other solid object over the open hole that is used to supply the fresh air for combustion. That would not be good... (CO production, unit most likely kicking off, etc.). Also, they're going to have a little kid at this unit. What if she drops a little toy into the open hole. One poster (sorry, didn't record who) noted there should be a grate over the hole. This would at least keep foreign objects out of the burner compartment. Still, I think this should have a vent to the exterior - or at least a vent pipe that can't be covered with a solid object. (Also, the AC installation was not fully installed to date so I assume they will still be installing the condensate drain. I offered to do a later inspection so this can be checked for then, if they take me up on it).