the 1 or 2% rule is off purchase price... so 60k place rents for 600 or 1200.

This would be an improvement on my personal life (selfish approach) but wouldn't necessarily improve my goal of building out my RE Investment portfolio.So, those are my two options.

Giving it away appears to be the same as gifting so maybe check for rules around that?

They also have many if not all of the features that QBO has to offer including bank feeds (will automatically import transactions that hit the bank), Rules (you set a rule and when it recognizes an expense from lets say "Home Depot" it will automatically code it to "Repairs & Maintenance", and also has Classes to code transactions to the proper building.  

@David D'Errico I've seen Shelby Park listed by a few people, is the area starting to improve?

If you are using the 1% test (rule), that is based on the total price including repairs.

I recently bought a house in the Reno, NV area but have decided to either flip it or sell it soon (the market is crazy and I’d make a profit without any improvements). 

Your not even hitting the 1% rule on this one

The area has improved quite a bit over the past several years but not as much or as quickly as west of the park or a little further south near 145th. 

As long as they pay the rent, follow the rules and take care of my house, I'm okay with that.