I bought a 2 bedroom 2 bath cape cod style house back in April of 2018 in Greece NY for $47,000.

Owning a personal home is a life style decision not a true investment.

Then in terms of a By Style Partnership Agreement, they charge $1,500+ just for that. 

Then if you were to reface and paint, you can change out completely with soft close hinges and doors and new style.

If you are doing full-service condo-style lawn-and-grounds care for an SFR, then the tenant should be absolutely aware that you're going to be showing up on the property according to your own groundskeeping schedule.For something like installing faucet covers on exterior spigots, yes I would call 24 hours in advance.

Another option, very “Rich Dad Poor Dad” style, is to buy an asset to pay off the liability.

(Don't worry, I'm not asking you to give them up or share; although, please feel free :)  I know that what may work incredibly well with one type of investor may clash horribly with another so, I'm looking more for the how and the whys.For example: What questions did you ask potential property mangers or contractors to help you determine that it was a good fit for your leadership style?  

There are a number of take-out style lenders that can work with less than perfect credit. 

Or what if we have another 2008-style collapse right before the investor wishes to sell?

The house was built in 1938, it's a craftsman style home, original hardwood flooring in good shape, original windows but it very good shape, the walls and ceiling had been filled with blown insulation, had a new roof installed in 2017, and the sellers were willing to pay 5k to have the house painted to the color of your choice.