It produces rent, but has a condo fee of $700 per month.

I find it hard to believe when this deal is poised to produce an average of a 22% IRR over a 5 year hold period.

It's income producing and they are able to write off travel expenses when they go to visit. 

As a landlord is it my responsibility to fix the lawn with new sod etc if a tenant has not been watering the grass as regular maintenance?

The regular property taxes are included in my monthly mortgage payment, but not the quarterly sewer tax.  

When I’m done with college I would move out of the room and have someone else move in, producing positive cashflow.

There are meetups in London & Hamilton that happen regularly, (currently online due to COVID). 

They also help resolve disputes between contractor and client, keep contractors on the timeline and provide regular updates on the project.Depending on your brokerage model, you may have to set up a separate company to do your project management piece.

Yeah, I could have sold the house for $115K but I wanted to up the profit margin and pull off something different in the neighborhood to raise values.Also, I typically use my own team of service providers but the one large contractor I used (who I now partner with regularly on roofing, paving, masonry work etc.) was McNeily Construction.

That could be a tough sell since land typically does not produce any income and has a tax overhead that must be paid or it goes to auction eventually.