The real problem comes in when the unexpected happens, like a roof repair, or a boiler replacement, on top of the negative cash flow.If it was me, I would try to save more, take out less debt, to help with cash flow.

Accounting for approximately $10,000 of repairs, maintenance, and capital expenses per month, this still leaves a passive stream of about 20,000 to split between two partners.

And if the city inspector finds issues then who is responsible for the repairs? 

If it will, then you've got yourself a good $1000k +/- and don't forget to factor for repairs and vacancy, PM.

I bought it turnkey with a few minor repairs.

Just make sure you’re following all the proper procedures because she would likely make a very sympathetic figure in court if it came to that.

It is not an unreasonable request for her to ask for proof that you paid what you said to have the items repaired. 

They should keep detailed records, including photos of damaged property, repair estimates, and receipts for items like cars and appliances.

After a thorough review of systems, we had plumbers troubleshoot and repair/replace a couple of small chronic bathroom leak issues, and electricians installed a number of end-runs back to the panels so that rooms could each have window A/Cs running without tripping circuits and other such issue.

Is that after allowances for repairs and vacancy?