According to her, her attorney really dropped the ball. 

Best to talk to attorneys though because there are implications in terms of interest payments, closing costs, etc.

(Taxes, prepaids, attorney fee, origination fee etc) So let’s assume your acquisition cost is $227500.Cash flow is income - expenses.Expenses are PITI, vacancy (5% of rents), capex (5% of rents), repairs (5% of rents) and property management (10%) of rents, plus lawn maintenance, HOA fees etc.

Aiming for each part of the business to eventually fund itself is a solid plan, and a real estate CPA or attorney could help fine-tune everything for taxes and structure.

To answer your question, You would need to get an attorney involved and just issue a mortgage and note along with having a will that your daughter would inherit this.

My wife and I had a lot of money stolen from us by a so-called property manager in Cleveland (who was later brought to court by the attorney general due to other crimes he committed) and we ended up being able to place the property with Re/Max Haven Realty. 

Again you'll want to talk to an attorney to confirm all of these details. 

The checks go to the owners directly, and he has a maintenance person and attorney on speed dial.

When I started, I hired an attorney to handle my evictions.

I think most of what you are asking is impossible for anyone here to reliably answer without more information and you should probably consult an attorney if you think it is worth it.