I prefer concrete block.We have not had issues with termites, but the moisture here has played a role in higher maintenance costs with wood rotting from a poor stucco repair from the previous owner.

@Brian Pulaski I'm not sure I explained my role well enough.

For us, we begin by defining roles before we address compensation. 

If you did this the 1031 would be appropriate, you get the lease you each want, and after a year or so they can exercise their option and buy it from you.Added bonus - If the rent to own is structured tight enough so that risk of loss passes to the now tenant at signing of the contract rather than the deed changing that is the same thing as you selling the property on the day you ink the rent to own so you could again 1031 that property if the financing issues could be worked out.

As another side note, I have a very stable, non real estate related job, but am looking for opportunities to take a more active role in the real estate industry.

Crash calling is fun and can make for some lively debates but it's sort of an exercise in futility because ultimately the market will do what it will do without regard for what any of us say or think.  

New to investing and Its always nice to have a role model

Does everyone know their role and what is expected of them?

I'm fairly happy with the experience and am glad I went through the exercise. 

Does anyone in this area know of a handyman or small general contractor that might fit this role?