I have a auto body shop that is located in a D class residential area, it was own by my grandfather, he is getting up in age and he is passing it to me. he hasn't done body work in years, he just have been renting the place out to some guys he know for like $220 a month. the utility are still in his name also. my whole idea is to come in, change things around, do the proper things, have a actually lease agreement written out for the tenants, with the new rate increase and rules, there wont be anymore of the late rent payments, there will be a late penalty, the utility will be in the tenants names,I plan to put a security system on the property, I'm new to all of this , its my first property I'm open to advice, suggestions, ideas on what I should do.

That's there, but utilizing it is rather tricky because tenants will cause a fuss.

We picked up two in the last few months. 

The owner pays about $850-900 in utilities (electric/water/direct TV). 

I tried to call the condo and no one picks up and I emailed the condo board and they told they could not help me with the issue.

In the competitive market we find ourselves in, utilizing any advantage you can will prove to be profitable over time.

@Jason DiClemente I think you're being too generous about  them not caring about personal DTI. as a first multi and not much history, personal financials will be an important factor)-credit score doesn't get whacked too bad after your credit utilization goes way up-have 6 months of reserves, and maybe more -property is profitable to support both debt servicesthen you can probably knock this out.

What makes you think she will be any better with the taxes the utilities the mortgage or the insurance ?

We would look to rent the 3/2 side for about $2,000 including water and utilities. 

I'm definitely not looking to occupy a Fannie Mae property, only pick one up as a buy and hold.