Any income would stay in the account for future repairs or further investments, but she would have access to her half if a need arises.  

Are you handy enough to fix regular issues as they arise?

But for all the angst, I think you have the type of property that's going to be pretty solid...lower cost, well maintained single family homes are growing in popularity for renters, and you could have your pick of a growing pool.

They purchased Cozy which is one of the most popular rent collection services.

1031 exchanges becoming more popular than they are now is a possibility.

We applied for a mortgage and qualified for 1st time home buyer program and I saved up as much as I could just to cover any costs that may arise, my cousin did so as well.

Jan Veran is very popular especially for evictions. 

Supply is quite low here and in other popular South ATL towns so be ready to pull the trigger when something comes on the market that fits your criteria. 

It ended up having leaks and bc it was discovered, the owner of the property had to admit it and take any/all future responsibility for environmental issues that could arise.

@Griffin GoudreauHi Griffin,Also be aware that if you get into seasonal rentals, which are popular here in SW Florida and Cape Coral in particular, you must charge your tenants a 5% tourist development tax as well as 6.5% Florida sales tax.