@Nick McBrideFirst you have to determine what is your responsibilities of paying and what is the tenants responsibilities of paying.As a general rule - the landlord's expenses/allowance will include repairs/capital expenditures/vacancy/property taxes/mortgage interest/mortgage principal/etcDepending on the county - Water and Sewer can be included in property taxes and be the responsibility of the landlord.Items such as electricity/water/gas is up for negotiation to be paid by either the landlord or tenant depending on what is said in the lease.

Thank you for your response.

Please pardon any delay of response as I’m traveling.Thanks,Adam

Sorry for the late response it was a busy weekend.

Wow I didn't expect such a response so quick from people in my area!

If you have taken those into account as well as specifying some percentages of the monthly rent to management (in case you ever want to relieve the responsibilities), capital expenses (roof, furnaces), and vacancy, and still have a good cash flow then it would be interesting to look into further. 

Her response was that he doesn't really live there.

I appreciate your response!

Of course there's always grunt work to be done so you have to be comfortable and aligned on what the trade off of working vs learning is.Jim, Thanks for the response.

It seems that a lease purchase with stipulations to make the buyer responsible for repairs would be more advantageous than renting because the property owner wouldn’t be responsible for any repairs, they get a bigger up front payment from the sale of the option (which will help with vacancies) and if the buyer exercises the option at the end that’s a win too.