What made you think this person had no experience whatsoever and didn't own their own home? 

I've never done one personally but my understanding is it involves the home being put into a trust, with the sub2 purchaser buying the trust from you.

It can be price or unique amenity or your personal charm! 

It’s ran like a business, not a personal investment.Given the heavy workload I have being the CEO/founder of the wealth management company, my wife has set up a well oiled machine on the property management side, due to her perfectionist drive however, it still means that she's constantly dealing with tenants and toilets and replying to items at all hours of the day and night.

Her leaving was bittersweet, as it was for a great personal opportunity for her.I’d love advice from you seasoned landlords:Should I lower the requirements in light of the area’s circumstances, or wait it out?

If this person is local to you or you know them personally, see if they'll give you their time and (if so) how much of it.

I personally have had amazing success with properties which are between 2 and 12 units, which most people would call “small multi-family.”

I have never been there personally but I have heard it's good food.

As a person who has lived most of my life in metro Detroit, all I will say is be very, very careful. 

In 2022 I also sold my money pot personal residences for $961,000 and purchased it for $154,000 in 1999. $500,000 was tax free due to being married.