This board is chock full of examples of Landlords that did it on their own and screwed up.

When I see a post like this, I immediately know the person posting it is totally full of crap.The obvious places to start looking to understand what rent you should be charging are rental websites.

Bags full of cash, with little tags on them indicating the count going in.

I have entered estimates for repairs and will possibly begin an offer at $105K.Here is a link to the Google photo album of the interior of the house - https://photos.app.goo.gl/mMoCL5Erq4hcqAdP9The figure for Plumbing is for each bathroom (2 1/2) as a full remodel.The figure for Doors includes reframing with lumber and doors throughout the house and windows, which also includes drywall, mud and other appropriate items.The figure for Cabinets/Countertops is for an entirely new kitchen with appliances.I appreciate your feedback.

Rent is due in advance and in full on or before the 1st day of each month without deduction or set off.

In 2014 we bought our first house, although my husband made around 130k a opted for a 'good deal' because of who I am as a human.

Does he have another job or business or does he want to work full time in this new business his family is investing in ?

If you are just starting out I might caution you on getting into a full gut rehab in an urban area. 

The seller wants to close fast, within two weeks, but would like 30 days after closing to move everything out.So we would close at the end of October, but full possession would be given, say, December 1st.Can I simply rewrite the Possession clause in my Purchase Agreement to say "Possession of the property and occupancy (tenants excepted), with all keys and garage door openers, will be delivered to the Buyer 30 days after title transfers. 

Based on your interests and your W-2, I'd recommend investing with others who have full time staff dedicated to deal flow and are adding value (i.e. invest in syndications).