@Lucas LeBlanc the municipality  regulations were my exact concerns.

I don’t have as much concern with someone who was late on some loan payments, realized it, fixed it - and was upfront about it.

You should at least get an address.

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.

I'll give you my address & go put a lockbox on the property.

As far as the information you have provided is concerned if you get 1K in rent and expenses are 50%, which is typical on a SFH, that leaves $500 to provide a return on your investment. 

They know the bank name and address, nothing more.

Just wanted to say thank you to everyone on here who has helped answer my questions and address my concerns along the way.

I spent hours last night pouring over this forum and hadn’t  found anything that quite addressed my unique and frustrating situation. 

With short term gains in mind, I am concerned about the tax consequences.