They're only required to repay you for health, safety, preservation of the property....fixing broken windows, roof leaks, locks, etc.#3. 

Doing it this way would require you to take out the CL in your name and bear all of the risk, but it sounds like you're confident in the numbers so I don't see why that should be a problem.  

Quote from @Austin Farsai: I'm not familiar with your city requirements, but I assume you can register it under your personal name since that is how it is owned.

Apologies  this was my first post online here.

Most auctions require us to fund within 24 hours.  

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

You can do this through BP calculators or other ones online.

I'm hoping to find a management company that works with traveling Nurses that require short term rentals.  

Additionally, the contract requires that the deed be recorded in the borrower’s name once the contract is paid in full, but it’s silent as to whether we have to record when we purchase the seller’s interest in the contract.

They may feel a sense of entitlement, and they may not even be good renters.Unless this is some unique situation like a ranch that requires special skills to maintain the property, I recommend you remove the caretaker, spruce the place up, and put it on the market at market rates.I also recommend you look for a professional property manager that can help you navigate this immediately.