Property managers want to be paid fairly and if you low grade everything too much you will get a fair amount of service based on that which won't be much.   

There is no shutoff option.All of the leak detection + shutoff valve systems will cost $500+ and may require a subscription.

I am not a lender but I do not think you will be able to get any financing based on cashflow let alone STR cashflow. 

The note buyer (investor) looks for a reasonable return on investment based on the terms of the note.

So I the owner am having to paint a large portion of house.My question is, can I deduct a calculated amount based on my time and work to do this labor?

Consider a DST: A Delaware Statutory Trust (DST) is a tax-efficient, estate-planning friendly option for accredited investors.

Ultimately, these decisions are based on your own lifestyle & goals.Good luck Whitney!

So what are your options:1.

I responded to her FSBO ad and made my offer which she happily accepted: a 36 month lease option; I'll bring her mortgage current, (1 month, $800), and continue making the monthly payments; option to purchase price of $88K, (my estimate of value, $100K); and I had the right to buy, sell, sublet, or assign the property at any time during the 36 months.

Thanks Rick for letting me know about Fannie Mae’s new 5% down options.