The Property Manager usually does light cleaning and repairs between tenants.Recommendations or another way to think about this? 

Realistically I’m thinking $150k+.I considered renting our home out but our mortgage is almost $1600 and I don’t think we’d be able to rent it out for more than $1700.The home is foundationally sound and just needs cosmetic repairs.

., guest communication, cleaning, or repairs), and hours worked.

Also, prioritize repairs over aesthetics if anything structural or foundational needs attention.

I created an electronic google doc time tracker: Time LogContemporaneous time log of rental real estate activitiesActivity DescriptionTenant recruitmentTenant screeningNegotiating and executing leasesOverseeing repairs and maintenanceCommunications with tenants and vendorsTravel timeResearch for potential rental real estate (pub 925)Acquiring rental real estate (pub 925)Paperwork/bookkeeping/bankingResearch and purchase of materialsRent collectionEvictionOn-site cleaningBill paymentOther:Time SpentDateMM/DD/YYYYSubmit

This can cover unexpected vacancies or repairs.

This property is ready to welcome its next owner with no repairs or updates needed.

I personally would sell the house - it's negatively cash flowing ~100/month, if you were to add in repairs/maintenance, CapEx, vacancy, rising insurance/property tax costs I would think you're actually losing more than you estimate (luckily it's new so you are on the very low end of that right now).

Renting at FMV allows you to deduct mortgage interest, property taxes, repairs, HOA fees, and depreciation against your W-2 income, potentially reducing your overall tax liability.

I am invested in a small multi family in TX and the management was not able to fill the property and do repairs and the income has dwindled badly.