It takes a lot of life experience and finesse to deal with people coping with huge life struggles.If I were young and starting out, I'd offer paid services for clean outs and basic staging/moving around furniture.

They say they will sign my lease and also sent me an addendum to sign allowing them to sublet.There are a few reasons why i like this option for this property, but im wondering how to background check the company and the individual they are assigning to ensure ill be paid monthly as they claim. 

In the interim you are going to be stuck with a home in a stagnant neighborhood that will struggle to absorb operating expenses.

See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350 Insurance = $100 Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100 Association Dues = $25Total PITIA = $1875Rent = $2300 DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR loans can be used for purchases and for cash out refinances.

I can pre-authorize an amount and if the expense is below that, the vendor can do the repairs without talking to me live4) Urgent maintenance issues - say a pipe breaks, or tenant is locked out.

For electrical, unless they overloaded circuits and caused the damage, it is up to the landlord to cover the expenses. 

That is only the case if there are no other expenses.

That doesn't include your time and expense to get he property re-rented.

-Buy the property for 715k (It appraised for 700k)-325k loan on the property with 390k equity-SubjectTo Finance the 325k and take over the mortgage/deed-Seller finance the 390k equity at 0% interest for 2 years and 6% interest for 13 years with a 20k down payment paid over 6 months.

All Cash Flow Vehicles High Dividend StocksStock OptionsMortgage NotesReal Estate Debt InvestingLong Term RentalMid Term RentalHigh Yield Savings AccountI had the same amount after I sold off most of my rental properties and paid everything off, now I do all the above.