I would verify however that this doesn't get classified as a security deposit by your local laws, and therefore subject to max amounts. 

Again using Google maps is to give you a rough idea of the area to plan.A couple of other free to low cost ideas.Contact landlords and FSBO from Craigslist and other local classified sites.I found at my local dollar store a window marker.

It cash flows about 350 a month in what I would classify as a C+ property. 

If you are replacing a broken AC I suppose it would be classified as as a repair rather than a capital improvement. 

I'm slowly acquiring furniture and decorative items from garage sales, our local thrift shop, Craigslist, the classifieds and Restore/Habitat for Humanity store that sells donated appliances, floor covering, furniture, windows, doors etc.

@Marc Winter, I'm working my sphere of influence which consist of 450 classified staff union members and the faculty union totaling 1,000 members.

For us we just search and compare on MLS, realtor sites, and the online classifieds like Kijiji etc.. from there we evaluate the properties and decide from there.  

Always wise to speak with lenders and know the terms and rates and what you can afford before you buy as well as how they will classify any income on a multi unitMy recommendation is to talk to some local banks as well as mortgage brokers and get info from different sources.

This would greatly improve the property's value to no longer be classified as just land (could appraise for $400k+).

Please use the Classifieds to market your services.Tell us about your background in the business and more about yourself.