You are barely covering expenses- and but for this month, not.

Try to make it abundantly clear who is in charge of the project and who is just participating passively and thus should be treated like a LP. 

After he pays for his health insurance, medicine, food, and utilities he barely can afford the $700 rent.

I'm also very new to REI with barely a week under my belt.

The lenders I bring to the table leverage anything from HELOCs to Retirement funds, Credit Cards to Savings to invest in this amazingly passive investment vehicle with a secured lien and ample layers of recourse to recover your principal investment at the bare minimum.

Is she more excited and driven to participate in the property than other extracurricular activities?

Even with the low interest rates I can get now, actual rent comps for the area I'm looking at would barely cover the mortgage and best case scenario there's a $100 or so positive cash flow.

-We're concerned that the girl is the only one bringing in an income, has monthly expenses and barely meets the 3x monthly rent - compounded by the coronavirus situation, we'd prefer both were actively working and had at least 1 source of income if the other was laid off.- Lastly, my gut is telling me to pass on the couple (primarily due to the guy) and wait for a better tenant.That about sums up the information we have on them to date.

Depending on your AGI and participation level, you may be able to take the loss in 2019.  

Great thought but I’m only 25 and my 401k barely has anything in it unfortunately so that’s kind of out of the question.. or I’d totally take advantage of that.