The house when finished should sell for approximately 325,000 

So far, rent has been paid, but I have had several requests for delayed rent payments and when I remind her of the late fees, she seems to find the funds. 

Thanks for your input and sorry for the late reply, i've been working a good amount while also working on my wholesaling marketing. and I've been more busy than ever!

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Hopefully this post makes some sense..Stuff about me:I'm about 75% finished with the BiggerPocket's "The Book On Rental Property Investing" (that blue book) and have listened/read quite a few of the resources on this site. 

Too late, they ended up buying us out and put the property as a rental. 

They attract people with some money...you can finish that sentence.

I've been geeking out by listening to the BP podcasts as of late and will attend the next Southern Maine Investors Meetup. 

The problem was that it was a Victorian home from the late 1800's, and during the 60's, a prior owner installed cement shingles that were loaded with Asbestos. 

On first sight, it looks like the attic needs finishing, with dormer windows added.