I've read some of the forums and blog posts, and everyone's examples always seem to be slightly different than mine and I want to make sure I approach this correctly.Under SHST, can I expense the cost of an improvement (in this case, a new water heater) fully in the year it's placed into service? 

It indicates to me that the applicant has a history of making late payments or stiffing a creditor.If the property is not generating a lot of applications, I would definitely have the applicant address the 600 credit score, review credit reports to what has been going on and see if there has been any improvement in payment pattern.

Spend time reading profiles and connect with individuals. 

Most successful people enjoy being alone and developing themselves through constant self improvement.

Yesterday while at a local REI group meet up, one of the guys was talking about finding The Syracuse Landlord Property Improvement Loan Program.

So please find it in my profile or PM me.

Use lead certified contractors if doing any work/repairs/improvements. 

Real Estate Networking Events - These events contain investors with similar tax profiles as you.

I was just checking out your profile.

Sell "as is" and they can make any improvements they want.Or, you can sell on a lease option same terms but with a 3 year option agreement.Or. you can rent the units out if zoning doesn't allow selling each side.