We host a meet up every thursday morning my suggestion is to be consistent in your meeting same time same place re-occurring.

A reoccurring theme I've noticed is that while investing in real estate is "risky", it is all relative.

I have a multi-year contract with a pest control service because of pre-existing damage and the potential for reoccurance.

If I were strictly looking for owner financed deals I'd target people with paid off property that are moving into retirement and want reoccurring, stable monthly payments.  

This should reduce that cost if/when it reoccurs.

Which leads to many issues trying to have a rental property.note there are multiple insurances you have to buy for your porperty, and other reoccuring costs to keep your property operating.My Biggest Piece of advicePut as big of a downpayment down as possible.

You just need to weigh the reoccurring annual costs, vs the saved time and money. 

How would I report the income from this home, do I report all the rent I am collecting such as ($2,100x12months) or do I report Net income after all landlord cost are factored in ($2,100x12months) MINUS Reoccurring/maintenance cost?

Check to make sure none of these require a minimum deposit or come with a reoccurring fee. 

No reoccurring problems when treated properlyBeing that it was 4 1/2 years ago I would hire a good pest person to inspect and not be afraid to close.