RE, here's my take on it-https://www.biggerpockets.com/renewsblog/2016/02/0...As far as how much time you need to devote...that can range anywhere from 5 minutes per year to hundreds of hours per year.

And don't forget to snag a couple hundred dollars as a bonus if you do so.

@Stephen Kiser I built 10' ceilings and 9' ceilings, wood frame, wood floors 1st floor, carpet 2nd, granite tops, shaker cabinets, hardiboard siding, shingle roof, GE appliances.  

Remove one key tool that they have to judge you…your credit scores to save tens or hundreds of thousands of dollars in bank interest.

Taxes are low, area is fine, and the new owner would still cash flow a couple hundred with a pretty good return.

Most people wouldn't represent themselves in a court case with a multi-hundred thousand dollar issue on the line, so why would you do it in real estate?

There are a hundred other reasons that you cam reject an applicant.

Cabinets, solid surface counters, appliances.

I agree with @Nick Watkins on this. if you are worried about " fair price" hire an appraiser, few hundred dollars, and let them tell you and your sister the fair market price. then deal with this through the family. if you list the property then you are dealing with realtors, closing fees and taxes.

If your location requires appraisals for loan acquisition, it is well worth the several hundred dollars to do so.