My biggest thing has always been the minimalizing of my big-ticket costs on my budget so I have the ability to do more with my life.

If she does, then let her know you will have to assess the damages (if applicable) after she moves out.I just did something like this in July, but also promised to return some of the security deposit ($700 out of $1150) if they moved out by July 8th, left the house broom swept clean, all the belongings removed, and no/minimal damages. 

I think that is a great way for you guys to start with minimal money down.

Insurance costs are generally minimal. 

My brother in law turned a single story into a two story after Harvey since he couldn’t otherwise get out of the property and has gotten a bigger living area and converted the entire first level into storage area that can take a future flood with minimal restoration cost.

new contruction from 2018, across the street from college, minimal vacancy How did you finance this deal?

The home only needs minimal repairs, about 5-7K to get the unoccupied units rent ready.  

You are basically maintaining them at minimal level and sucking the cash flow.

Like everyone here looking to maximize return, minimize risk and willing to do the work to make it happen :-D.Thanks for any thoughts/opinions,Rob

I'd like to minimize my risks.I suppose one might say the point of including the Lease contract along with the Option is so that the investor can pre-negotiate the favorably higher rent for rent credits/Seller's positive cash flow.