It's very similar to what wall street firms are doing in large markets like Atlanta or Phoenix. 

.($175,000 / 20% = $875,000)Of course, the buyer can put less than 20% down and pay private mortgage insurance, but let’s say they really want to put 20% down.As a seller, you have now reduced the pool of buyers who can pay $1M for your home since the buyer needs to save more money to reach a $1M purchase price.So, would you rather make $875k and “save” money on commission, or make $975k and just pay their agent?

Update your insurance.If they do, inform your insurance company about the change in your property's use.

To thrive in real estate investing, you must maintain a firm grip on your finances.

I'm currently paying $4100/year for insurance, and when it renews in October it will go up to $5500/year.

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..