It depends on the type of tenant that rents each and the cash flow vs wear and tear for me. 

My best advice is around your next-to-last and last questions.Your next-to-last question should be: "Well, this was a great opportunity for me.

I’m still undecided but this information is incredibly helpful in forming an educated decision. 

Congrats on the "fully adulting" soon, for me it was when I bought my first unit and had to go out on my own. 

As long as you own or benefit from an asset, there will be some form of liability that attaches you to it.

The agent told me to “just make one up... find a form on the internet and fill it in”.

You are the best person to determine the needed income, the selection of the tenant and the approval of the lease.Go for it. i downloaded boiler plate lease here from bp. added few things  would you be willing to read my actual lease b4 we sign?

I live in north jersey and decided Philadelphia is the best market right now for me to start investing.

Like all insurance, title insurance is a form of risk management.

Should I form an LLC with them as partners?