If you can get this property to perform at a 6 cap and you are in a B-A hood, then probably good, if you are in a C-D, then I think you are asking for a lot more headache than it's worth.

@Ray TroundayWhen I plug this into my performing note calculator spreadsheet, I get an IRR of 21.4% which is close to the yield you calculate above. 

Just because I see lots of people, even outside RE, claiming that they can cheaply outsource management or some task then go sit on the beach.

I have completed kitchen, bath, and whole home remodels as well as small handyman tasks for homeowners and businesses. 

All that counts is the price and financial performance.

in my Pet Addendum: "Tenant will perform regular housekeeping duties, including sweeping and vacuuming, clean up all waste, and assume all responsibility and cost for any damages, cleaning, replacements or any other expense to the property that are a result of the animal."

It may be a bold statement, but the underlying assets here are likely to have performance problems in the coming months.

Are your performing notes now not performing? 

This will probably be the most difficult task.

So, unless I find a task on my rehabs that would cost over $500 to sub out, I'm not planning to lift a finger on any of my rehabs.