In many states If the tree falls on her property she’ll have to make a claim with her insurance, not yours. 

@Tony ThomasIt will only cost you money for licenses, insurance etc.

I would only suggest a property management company set up if you are not working for an employer and are interested in retirement account contributions + deducting health insurance costs.If you are already working for an employer who is providing a retirment account plan + subsidizing health insurance costs, in my opinion, no point in setting it up.

Do understand that you will have to pay mortgage insurance and the rate will be much higher then if you put down 20% or more. https://singlefamily.fanniemae.com/media/20786/display

IF you have a recorded mortgage and it was a normal sale handled by a title company and the buyer wanted title insurance then you would have had to be paid off and signed a mortgage release or a reconveyance deed.One way or the other if you want some constructive help you need to clarify what you actually did..

As it's me to me, I wouldn't need title search and title insurance and such.

Does the insurance company feel comfortable insuring in that area, does the lender want to lend on this property... and so on. 

Do they pay for vacation pay, medical insurance, workers comp, payroll taxes, PTO & holidays, ongoing training, trucks & commercial vehicle insurance, liability insurance, admins, marketing, SEO, liability insurance, bonding fees, licensing fees?

Keep the funds away from your day to day accounts.Check your insurance.

You’ll want to consider the purchase price, HOA fees, taxes, insurance, and the rental income you can realistically expect.