Us investors after all deliver win win solutions where everyone has to win. 

He finds solutions for your problems and doesn't say "no".

There should be long-term solutions/financing for this property.

Given this limited position the utility bill is split evenly across the tenant as this is the only equitable solution I can think of at the time.

I am hoping to find the best solution to this situation described below.

You will get opinions on both sides, and some solutions you probably didn't think of.

Check out a Fannie Mae Homestyle loan, it seems like the solution you need.I would look at a 30 YR fixed typically .375-.5% higher than average conventional rates depending on on your down payment. 

If you know where the asbestos is, the cheapest safe solution is often to encapsulate it.  

At my company we specialize in rental property management and we also would be happy to be a resource for tailored advice to ensure your future investments align with your financial goals.Feel free to reach out if you'd like to discuss further or if you were to need property management solutions in the future.

(There are even some who believe that the seller providing a loan to the buyer will disqualify the exchange entirely, but that's not been our experience.)The most straightforward solution is to have the seller provide a cash loan to the buyer outside of closing.