As long as you charge her a market rent, I don't see why the IRS would care who owns the rental property.  

Does anyone know if there is a way to find the current address of an absentee owner via Thor rented address?

You have to be careful to not go too low on the gallons per minute- saving money on water doesn't make sense if your residents aren't happy with their shower pressure.

One thing you should have a solo 401k and be maxing that puppy out.. the buy GREAT performing notes in it.. and or as other suggested do some syndication investments.. those are ALL about the sponsor.... you need to be very careful who you pick when you do those.and a Roth IRA as well.. go see a real good CPA and do some planning... if you like flipping nothing wrong with that.. but buying some income producing assets will help on tax's just depends.I would also look into MHP in those areas those can be a very nice little cash cow machine ...

Be careful who you work with and check them out.

if he takes care of all that it may be worth it, figure out what your costs would be to hire outside services and see if it saves you money, is the place that big that you need an onsite manager or will it cost you less to hire a PM company ?

It is tricky to set up and can easily get out of whack so entries need to monitored carefully and not allowed to accumulate until year end.  

@Ryan ConklinBe very careful buying low end property from a distance.

I haven't really looked into condos/townhomes and how they cash flow different from SFH since they all seem to be in parts of town I don't care to be in, but personally, I would try shooting for at least a minimum of $100-$150/month cash flow.

I also think buyers and sellers alike aren't sure what will happen so if there isn't a huge amount of interest in a unit then you will be in a better position as the buyer if the seller has to sell.When the HST tax came into effect several years ago there were a few months when there was a pause in the market and then when people realized it wasn't going to have much of an affect on price it picked right back up.