I made an image showing the steps how to have AI drive for dollars for you in DealMachine.

Personally I would regulate them the same way as Brokers as that's what they are, but this is a step in the right direction for sure. 

Include all expenses like property taxes, insurance, maintenance, and property management fees if you’re not managing it yourself.Network Like Crazy: You’ve already made a great first step by joining this group!

Is it worth doing any work to it as an "owner", possibly me going the property management way, or just stepping away from it entirely until the deed transfer?

Some good into for you to have (and your seller) and steps forward:First: As you have learned, you cannot have two FHA loans unless you qualify for a couple of different exceptions.

That said, you could go to the mayor and police chief and ask what steps were taken with the involved officers.

You can also leave out some bulk hotel toothbrush/toothpastes, make up removers, earplugs, sleeping masks, etc. if you really want to step up a "In Case You Forgot" basket.You can keep a closet with extra of things that has a lock on it and if someone is irrate because they don't have enough pods, you can at least have a back up solution for them if you choose too. 

While I didn't want to stay there permanently, it was a stepping stone to build my track record. 

Use your first deal as a stepping stone to long-term success!

At death, the property gets a stepped up basis.