Any suggestions would be great.  

Any suggestions?

It's all possible with real estate if you leverage time and let renters pay your mortgages and expenses.I'd suggest listening to a lot of Bigger Pockets podcasts and reading some books. 

Should have found a handy man and ordered some flex seal and make do with what you have... partly a joke but also if the quotes were more than the funds available than you should have found another fix since there should always be a reserve fund for the next issue to come up so I would have suggested a temporary fix <2000$ like caulking and flex seal etc...

Any suggestion?

Does anyone have any suggestions on how to mitigate this?  

Feel free to PM me and we can go over the details and I may be able to give more suggestions on companies. 

I have a auto body shop that is located in a D class residential area, it was own by my grandfather, he is getting up in age and he is passing it to me. he hasn't done body work in years, he just have been renting the place out to some guys he know for like $220 a month. the utility are still in his name also. my whole idea is to come in, change things around, do the proper things, have a actually lease agreement written out for the tenants, with the new rate increase and rules, there wont be anymore of the late rent payments, there will be a late penalty, the utility will be in the tenants names,I plan to put a security system on the property, I'm new to all of this , its my first property I'm open to advice, suggestions, ideas on what I should do.

Hi Joshua, I personally would suggest pre-screening potential tenants before you show them your rental. 

Does anyone have any suggestions on how to find sponsors?