Wow I didn't expect such a response so quick from people in my area!

If you have taken those into account as well as specifying some percentages of the monthly rent to management (in case you ever want to relieve the responsibilities), capital expenses (roof, furnaces), and vacancy, and still have a good cash flow then it would be interesting to look into further. 

Her response was that he doesn't really live there.

I appreciate your response!

Of course there's always grunt work to be done so you have to be comfortable and aligned on what the trade off of working vs learning is.Jim, Thanks for the response.

It seems that a lease purchase with stipulations to make the buyer responsible for repairs would be more advantageous than renting because the property owner wouldn’t be responsible for any repairs, they get a bigger up front payment from the sale of the option (which will help with vacancies) and if the buyer exercises the option at the end that’s a win too.

Her lease contract states the landlord is responsible for termite and rodent control.

I appreciate all the responses guys.

@Brandon Sturgill I thought about the risk and also it being occupied might slow down Reno.

I know they may be really busy, but I want to build an investment portfolio so it's vital for me to work with a RE Agent who is responsive.