There is a somewhat fresh desire to rent, rather than have the worry of owning a property...

Your explanation reveals a misunderstanding of how interest is calculated.

When this was further questioned, it was revealed that this infusion was an operating loan from the manager.

I too am in the medical field fresh out of college (CT Technologsit) and I am looking to get into investing.

Given the condition revealed by the inspection, my initial response to run but want to make sure I'm not overreacting.

Like @Andy Sabisch said - Landscaping and some fresh paint are both fairly inexpensive and will do wonders for any house.

It’s a breathe of fresh air to speak to someone that will understand my situation in this area and I really value your opinion.

I got a medium sized box and bought some quarts of beer, small bottles of liquor, soda, beef jerky, pre-cooked bacon, fresh fruit, Hustler magazines, work gloves, etc.  12 items altogether. 

The Mortgagee would need to obtain an appraisal to reveal the borrower's equity.  

But again, he asked me about my personal finances making the call unprofessional and revealing his alterior motive.