I would start off with fewer units (around 18) then large complexes later unless there are plenty of homes that have tri-plexus and four-plexus that are occupied will cover your debt payments and possibly allows you to live there if your situation would allow you to possibly live there.  

But they felt we needed reserves and want to put a credit line on another apartment building for $820,000 and restrict $500,000 repairs and allow $320,000 for the actual credit line.  

is everything included or do you have allowances for certain items , tile, flooring, appliances ?

My wife and I will be starting a family soon and want the income to allow her to stay at home. 

On the surface - this sounds like a conflict - which is what I was trying to avoid in working with a "Buyer's Agent".  

The lender will also require a "Repair Allowance" that is included with the monthly mortgage payment.

Doing so, will preserve your landlord rights better and allow you to make changes without the tenant's consent. 

I'm about to get a tax lien on a private road that allows 38 townhouses access to their two car garages.

Our lease allows us to enter the property for periodic inspections with notice but she’s been uncooperative since the Notice to Quit and we don’t want to give her any reason to blame the eviction on us.

We then enquired the association how come the other unit is allowed to rent and not us.