Also be sure to check out any state regulations on holding auctions at this time. 

Also, talk to a few contractors to get bids on the move and hook ups (i.e. plumbing, electrical, etc).

I'm thinking that the plumbing and electrical would be the two most critical pieces that would need replacing in the near future (and of course appliance upgrades).

If both parties agree they could rent for 10 or plus years (I think we are not that regulated).

You only have a portion of the roof, plumbing, etc. 

Recommend VNV plumbing and electric.

It all comes down to local regulations on what would and would not qualify as a second egress. 

Minor plumbing, run water lines, tub and shower drains to mains, sink and toilet installs.

Much of what he has written is factual or makes logical sense, while most others shared what works for them, without considering the big picture.So, let's try to sum up your options:1) DIY Tenant PlacementPROS: Save moneyExperts know legal & regulation issuesYou have final decision, but can't blame anyone but yourselfCONS:Your lack of tenant screening knowledgeCostLack of legal & regulation knowledge2) Hire a Real Estate AgentPROS:Local expertsYou can still DIY manageCONS:They often lack detailed screening knowledgeThey may not know all PM regulationsCost3) Hire a PMPROS:Should have thorough tenant screening process better than all aboveShould know all legal & regulatory issuesShould give limited tenant-performance guaranteeCONS:CostYou usually don't have inputCan you trust them?

There were a few surprises in the house that brought it from a home run to a solid base hit (electrical, plumbing, foundation, water, concrete, etc...)