You can direct how you want this to happen and how often in your operating agreement. 

Operating income minus expenses (net operating income) is what that property is capable of producing for an investor. 

So here's another question,  With auto pay set up let's say one tenant decided not to pay, Is it as simple as calling the bank and cancelling auto pay until you get the rent squared away again?

If something bothers you about them as a tenant it's simple.

I’d do the the basics yourself if you can but beyond that typically AC units are simple to fix and not super expensive

Don't waste the money. 2) The laws in Arizona regarding Subject To and Wraps are very simple "don't cheat people & tell the truth" 3) The paperwork is simpler than it appears. 4) You have to have money to do Subject Tos and Wraps.

They are a veteran owned and operated company here in the Springs, and they work a lot with refinancing and equity loans!

I am a Group Home Owner/Operator una miami, established thinking about renting the business.. anyone with this experience.. thanks 

How much can/will this hurt me even if my processes are sound and I operate honestly with my sellers/buyers?

BP is a good starting point as there are plenty of folks on here that operate in the niche.