If I were strictly looking for owner financed deals I'd target people with paid off property that are moving into retirement and want reoccurring, stable monthly payments.  

Check to make sure none of these require a minimum deposit or come with a reoccurring fee. 

Or you may want to check to see if the same problem is reoccurring.  

How would I report the income from this home, do I report all the rent I am collecting such as ($2,100x12months) or do I report Net income after all landlord cost are factored in ($2,100x12months) MINUS Reoccurring/maintenance cost?

This unit just happens to be decent in reoccurring expenses. 

I think we are actually saying the same thing, reserves are required no matter what, the question is method for repair/replacement provider either home warranties bundled service (electrical, HVAC, plumbing, etc.) with set reoccurring payments that includes their administrative fees or individual trades (electrical, HVAC, plumbing, etc.) at competitive pricing at time repair/replacement is needed that will also include their services fees. 

There are several custodians you can work with and there are several types of fees( I've been quoted anywhere from $1,500-$4,995) to go along with them and reoccurring costs to keep to keep these funds compliant.

I have a multi-year contract with a pest control service because of pre-existing damage and the potential for reoccurance.

Well that was until I called code enforcement the house had $90k in liens and violations one lien was reoccuring which accumualated daily.I attempted the recondiseration but it would have been reconsidered at 10% of the liens so $9k plus $1,100 in non-negotiable fees and $1,250 non-negotiable for code enforcement violations. and the violations only stop after you have proven to the code enforcement officer that the repairs causing the lien were completed.

I was rudely told to email them of my desire to cancel the reoccurring charges.