Also someone could offer moreA lot would have to deal with these units you talk about so spend the extra 200 dollars and get the specific pros to check out the ac and electric.

Know exactly how much you need to close and how much you will spend for the money by the time you expect to exit.

Ok, so what would be the way to spend the least from those savings and still get a loan under those circumstances?

You will spend far more by keeping her than you would by hiring a professional property manager to get you out of this mess and on the right track.

and am i really the most qualified person to be the CEO of this business, or is it better to hold someone else accountable and I can go do what I would rather be spending my time on..It is like instead of buying a ticket on an airplane to go on vacation to Hawaii, you take flying lessons and learn to fly to do it yourself...

If you want to gamble a little this could be a long term payoff but must being able to deal with the monthly loss.

After buying the property I had to spend thousands of dollars doing updates and makes some payments on the underlying loan, before filling the house. 

(and of course it will have been used before it overflows)  My exposure to investment property is through REIT's only because I live in one of the outer boroughs of NYC and I see no point in spending a ridiculously high amount of money for a building that's going  to produce a ridiculously low cash flow (that's IF everyone paid and IF nothing broke- big IF's)  add to that gross over regulation along with moronic laws that give all the power to the tenant  and I can't see a reason for me, if I want to be able to sleep at night and have peace of mind, to own physical property. 

Average it out over 12 months and increase the rent plus 10% as "utilities included".It is preferred to spend the money to split the utilities and add second meters (hydro, water, gas) to be able to put utilities in the tenants names.

They are more cautious about spending your money on repairs and tend to shop more for good deals.