Essentially it sounds like Ziprent has just been a manager you've found that's willing to do so.

Maybe it doesn’t sound like a feasible idea now that I think of it.

Your parents sound pretty smart, actually.

Sounds good on paper but too much work and does not really help you in the end.

But, that sounds like a Loan Partial.   

There are good value deals in your market if you search hard and long enough, it sounds like your lead source could be revamped in my opinion.

It would take you approximately 11 years (not factoring in rent appreciation) plus that doesn't factor all the systems you mentioned that need replacement.

@Brandon Weis it sounds kind of tacky for the size of property.

If it takes you two months to find a replacement renter, then the original tenant must pay you two months of rent.

Hi everyone, we are thinking of charging a monthly maintenance fee to cover our semiannual preventative maintenance inspections (where we check for leaks, clean the AC unit, replace the furnace filter, etc.) and also a once a year gutter cleaning.