@Robert E.

Deduct all expenses on a Schedule E for the units that are rented.

I have not found an end buyer who wasn't okay with this is explain properly by your educated real estate attorney. 

For example:Unit #1:  Thermostat AUnit #2:  Thermostat B, C, DUnit #3: Thermostat E and FUnit #1 would owe the BTU readings on Thermostat A, while Unit #2 would owe BTU readings on thermostat B + C + D.  

Then you could claim any income from that house on your schedule E, which lenders could use to qualify you.

Give your money to an established, registered properly organized firm, let them broker for you.

More AC questions:Ok, we are in escrow on a 4plx in Phoenix. 3 Ducane heat pumps and 1 Trane, all installed around 2005. 2 of the Ducanes are apparently not cooling properly.

The fee is for more than pulling reports though it takes time and resources to properly vet an application and with out a fee in my area I would get 10 tire kickers for every 1 real applicant with out charging a marginal fee for the application. 

And your problem then becomes - you don't have the proper agreements in place for a "loan".You can google search for that sort of thing.

I suggest that you use the money available first to set up a proper structure with an attorney, the DIY stuff off the internet accomplished by unaware newbies will usually be inefficient or improper or mismanaged as a result.