It is much better to have a reserve fund and add it monthly.

My wife and I are moving to the isabela area in a couple months. 

Just purely looking at numbers property 2 comes out ahead buy a few hundred bucks a month depending on how high it gets bid up.Any advice on this?

Just make sure you get a lease agreement on your old home (to be rented) and the first month's security deposit. 

They have paid the rent this month, but not the sewer + trash.

In order to MAINTAIN equity with an amortized note, you will have to reinvest the principal part of the P & I payment you receive each month. 

If it cost you $100-150 per month it will be well spent money.   

They've been good- The first property we bought rented quickly, the property manager filled it quickly, and they send monthly reports and updates.

Two months goes by (not fast service which they advertise) and I begin to receive declined credit card inquires in my mail including one even stating "no third party applicants please apply on your own" so now I'm skeptical ESPECIALLY when I'm assured by Bernie that Seek has a "GREAT relationship" with these lenders.

Hey Cameron, You're missing the $360 / month  per unit in HOA fees from your analysis.