On another note...as an objective observation after reading through several threads and hundreds of comments on this age old debate, I think that (and believe contractors and investors can agree) while a phased percentage draw pay schedule itself may generally be a good standard practice, it’s the underlying trust and relationship built between the parties that drives the actual percentage paid on those phases.

I hope you don't object to those people?

They may have different requirements and objectives for those unit types.I agree with @Franco Tonelli that you should be seeking professional advice, however, I would not start with an accountant. 

While getting some cash yield would be great, my main objective is for the property to at least be carry neutral (inclusive of property management fees, given I'm out of state).

How you look at any investment as an investor is personal and affected by your particular investment goals and objectives.

I'd suggest trying to stay away from the shiny new object temptation of upgrading your car.

Second, the type of real estate depends on your overall objective - growth through appreciation/income through depreciation; income through cash flow; growth through value add opportunities, then equity pull.

. ### will have no objection after the repairs done( by ###) to have your buyer’s designated company to inspect and bond this property.

I now provide pre-cut thick plastic washable shelf liners and actually have a clause in my lease about damage to cabinets -- no nails, push pins, other sharp objects (I've had tenants hang pictures with pushpins on side kitchen cabinets, screwed in hooks to hang things) and that stains and damage to cabinetry will not be considered normal wear and tear.   

@Joseph Cacciapaglia that auto-email is expressly for the intent of them learning the market in advance instead of focusing on one shiny object that will get 23 bids.