The only hickup in the plan is, that I had the inspection completed, and evidence of structural damage was found.

Long-distance Landlords typically let properties deteriorate or allow bad tenants to damage a community.A good PM watches your property, inspects the interior regularly, choose solid renters, removes bad renters quickly and efficiently, reduces vacancy, handles maintenance quickly, keeps your property at market rates, stays current on the laws, and much more.

In your case you should have started an action for holdover tenant with damage for double rent.

I'd prefer that instead of having to worry about electricity usage and damage to the AC from being too low too long.

I only image a fire hydrant bursting and being left alone for 4 days....and what damage can result from that.

Staying away from mold, flood damage, foundation issues or anything else that appears to be too much for me to handle the first time.How much time would I be looking at daily to be at the house to manage the specialty contractors?

You would'nt have to worry about landscape, snow removal, etc. or even outside damages like roof which can be very beneficial and typically a college student wouldnt have time to do.

Insurance however, informed me that they are cancelling the insurance because of exterior paint peeling and some damage to the bottom of the walls from water.

Nice thing is that there are two other sheds in the backyard with no reported termite damage.

We ask for the maximum deposit that our state allows (2 months) because we find that it gives us a cushion if we have to evict for non-payment of rent, or they leave the unit damaged.