Not to mention, they also snipped all of the wiring in the basement of the home running all over the house, so there is also major electrical repairs needed. 

So the property I bought had previous termite damage and we are having it repaired and treated however.

Research high-rental areas, plan for repairs, and consider simple upgrades.

And this helps make admin tasks more palatable.I have also started working with a virtual assistant to body-double me. 

I saw a mention of providing first time homebuyers more down payment assistance. 

There has to be an account in the middle for repairs, renovations, etc. and you want to know how that will be disbursed and if you need a workflow between you.If you decide to do it, just start small with an asset that is as close to can't lose as possible so you can fine-tune your collective process.

You also have PM, repairs, vacancy, and capex on rental property.

I think I gave a partial refund once in 10 years for an HVAC unit that needed repaired. 

It looks like you're not going to finance the repairs.

I recently obtained a couple of quotes for foundation repair on one of my rental properties.