These investors typically use industry experts to find, buy, and manage their real estate holdings.

Plus it's typically easier. 

I've been reading up on a lot of the other posts but still have no conclusive answer.The property I have obtained is a 3 bedroom 1.5 bath hoping to rent it out for $1,200 a month so what type of clauses are typically set for this type of property?

These are typically viewed as long term management free vehicles that provide national corporate tenant guaranteed income with no hassle.I assumed that she wasn't really interested in developing a portfolio or even being a landlord. 

With a home equity loan you can borrow against that difference, some banks allow up to total of 100% of homes value but typically best rates are 80% and below. 

you typically do this at least a week before the sale and verify the amount owed to a lien holder to try to make sure there is not an accidental foreclosure sale of that property. 

Investors typically only see dollar signs.

Option 2 will cost you attorneys fees, filing fees, service of process fees, etc.... some of these can be collected on the back end if you get a judgment, but the attorneys fees typically aren't collectible. 

My typical management fee is 10% and my steepest discount is to 8%.

It was built in 1997 and everything is original and including the strawberry wallpaper, different oddly colored rooms, cheap appliances and worn out wood floors.