Sorry for my very delayed response. 

It is true that you'll probably only be responsible for paying off the interest for the first ten years. 

I'd two project worked with Robert Mincey, 1.For one project it have serious defect that scares my buyers away, when I ask him for the repair, he told me that I did the sabotage to the property myself, and he owns 0 responsibility for the repair and warranty2.For another project I wanna to fire him but he states I owns him more than $5K even though I already paid him 200% over what he had completed.

To avoid these, create an operating agreement outlining roles, responsibilities, financial contributions, and handling disagreements.

That's a spreadsheet that doesn't transfer to a real life leasing scenario because its not permitted within the zoning code.If the property is zoned RM1, then  perhaps you can lease to 8 unrelated individuals by converting the building into multiple units.

@Jonathan Greene, @Peter Mckernan, @Zachary DealThank you all for your insights this is super helpful and I appreciate the responses.

I also own another unit in the same building, and no other tenants have ever complained about inadequate heating.I’ve advised her to keep the heat on 24 hours a day, as the lease specifies that the tenant is responsible for paying for heating costs.

Make sure to shop around for the best rates and terms.Find the Right TenantsOnce you’ve purchased the property, screen tenants carefully to ensure you find responsible individuals who will pay rent on time and take care of the unit.

EXCELLENT response to the question. 

The kindness and humor of the responses is comforting in a field where there is very little down time (currently as I get it established) and you all "get it".