@Ming LimI've played with Killam and Brookfield properties over the years ... both ups and downs.

I built and sold 3 successful tech companies, was a CTO for two top US firms in DC as well, so let me play Devil's advocate — AppFolio and Buildium both offer reoccurring task/maintenance features for tracking such items like filters, law care, etc., however a simple operations change will fix all these issues.

Now that I will be renting it out, and renting a place for myself somewhere else, how will the taxes play out, will I lose all the tax incentives from the mortgage?

Another factor is that I am now also able to play a more active role in building my portfolio than I have in the past, time-wise. 

Part of me wants to cut ties with the seller, but the business side of me says to stay and play ball. 

I'm starting out with 800$ in my bank account.. tired of living paycheck to pay check working dead end jobs...

@John ColemanAny other plays working for you there?

They had to put their money into play because their funds required a return, and they didn't require 25-30%!

If they don't play by the rules, get them out and use the courts, Constables, and hired help to do it.

I have better things to do, like practice guitar while listening to the office play in the background.