They are basically cats in dog bodies.

At the time in the near future when we do move, the house will be at a break even point at worst.

Leave yourself an out , worst case , can you at least break even if you have to sell . 

You get the tax break and low interest rate.

Maintenance=fix things that break.  

You are better off giving her $200/mo towards a $600/mo rental and renting yours to someone else for $600 (i don't know what the rents are by you, but i assumed you were giving your daughter a break on the rent rate).  

In other words, we paid too much for it, it's an old house that's surprised us with deferred (but covered-up) maintenance, and we'll be lucky to "break even" not counting our time when we sell.

I'm in the south florida area which is a pretty tough market for new RE investors to break into unless you have a lot of capital.

Having a tough time getting a quality guy that doesn't break the bank.  

I'd end up with a property that barely breaks even vs a property w gobs of equity and a healthy cash flow.