Barring additional info, my personal take is that the strategy you outlines isn't very good to start with.It's hard to give you a full answer without a better understanding of your full situation, but I'm assuming that the 20K home loan is the bulk of your liquid reserves.  

Pull the stump out. Line

It is calculated by: Capitalization Rate = Net Operating Income / Property PriceI have outlined these Capitalization rate calculations and more on my biggerpockets blog as a bookmark reference50 % rule - Half of all rental income will be spent on expenses.

FYI, the TREC website outlining the requirements is here: TREC Sales License RequirementsYou should be able to complete the entire process to become an active agent within 10 weeks if you have lots of time to devote to the education.  

He outlines how to build your team to optimize your understanding of a market that you may not otherwise be familiar with and how to get everything you can out of of an agent, a property manager, a lender, and a contractor, if need be. 

The recommendations mention: recommends stabilizing (using interim control paint stabilization techniques identified for HUD-owned single family dwellings in 24 CFR Part 35 as amended June 21, 2004) the following components utilizing “Lead Safe Work Practices†as outlined in The Lead Safe Housing 24 CFR Part 35 as amended June 21, 2004.Anyone ran into this?

@Tim Porsche  Your plan outlined has a 50% chance of working.  

This tenant has already proved they are willing to ignore the rules outlined in their current lease, so why bother with the future headaches?

That's who generally pays.By calling a local title company, you'll find out what local custom is, but generally it should be as outlined above.I suppose I shouldn't be so rough on those that don't really take advice and learn RE from the basics, as to local custom, the fundamentals and insist on jumping into methods trying to figure stuff out the hard way.

As executor of the estate, you have to follow whatever is outlined in the will.Try to not let emotions get the better of the situation as that would result in a lot of problems.