For me it would be a huge liability in case of issues.

Get a property that people want to live in and price it right you'll have far less issues then a place people have to live at the top of their budget...You'll want market rents to be around the 800+ range (it's ok if they're lower and you can raise them) to about the 1400-1500 range.

I closed on a SFR in July that I bought on Auction.com.  I finished rehabbing the property and got it under contract pretty quickly.  I was just told that the closing for the sell of the property was being delayed unt...

It does not say anything that I am suppose to provide a form then again I don't know if Texas code picks anything up and mandates that a landlord is required to provide a form.I am making a form up now for my property the tenant is suppose to move in actually two months after commencement technically the property was considered good to go five days after the initial contract signing then there was an issue with the house regarding water coming into rooms and mold that was obvious and smelled in another portion of the house.I spoke with the tenant they are cool with me providing a form at a later date projected to be November 1st, 2018

I currently do not have an issue but have been doing a lot of reading it is kinda difficult to interpret laws and such when reading them. 

If you are at less than 50% LTV, this would appear to be a non-issue. 

However, after researching it and having her actually do her homework it came to light that divorce, separation, health issues, moving for a job, and a few other extenuating circumstances were the only exemptions for no paying capital gains before 2 years of having it as a primary residence. 

With this being an older house with lots of little issues/needed upgrades, I worry that renting could be an issue without first making several updates. 

Box; rent can only be paid by deposit.For your convenience, the nearest location to your home is 123 Main Street, City, or you can execute a bank-to-bank transfer using the routing number provided.If you have any questions, concerns or maintenance issues, you may call or text my cell phone at <Google voicemail>, or you may email me at the address listed at the top of this notice.Please don’t hesitate to contact me with any questions about this transition or any other pertinent issue.

@Daric MyersIf the work they do is for your personal needs, like errands - then just pay cash.If you hire them for business tasks, and you are going to pay them less than $600 over the calendar year - pay with checks or PayPal.If you're paying anybody more than $600 per year for business tasks, you will need to issue them a 1099-MISC.