So, in a lease/agreement you would list that renters must have renters insurance, but it's really up to their discretion to actually get it?

Either  1) you will get no loan whatsoever, or 2) It is some BS combination of "trade accounts" credit.....Office Depot, Home Depot, and other misc useless businesses......Not a cash line of credit.Once you qualify for any kind of business line of credit, there will be No upfront fee, and more importantly it will be because you have established an Actual ongoing business that shows a profit, and consistent revenues over a few years.Time to turn on your BS detector.

I actually contacted wells fargo and the lender seemed very helpful.

I am looking to rent a place, it seems nice except three thingsthey are ranch style apartments. they have a gate in front of the main entrance, and you're responsible for the door if anything happens to it. for some reason they won't fix it. it actually looks like this but a wooden door in front of the main doorif i take the door down, how concerned should I be about people stealing stuff. if i had a lawn mower or something, they would have to come in the opening and take stuffi saw a report online about some guy that was looking in someones windows at the complex across the street. i dont know how long ago it was. i was looking online again but coudlnt find it. the one im staying at seems fine, how concerned should I be able the ones across from me?

How many of those units will you fill and how many of those tenants will actually pay?

In reality, you likely won't find deals where you can put in $15,000 worth of work and make $50,000.

Some additional info that I hope addresses some of the questions:@Cory LaChance I actually refinanced under the 3-month mark (see the timing listed on my original post). 

I looked into purchasing a fourplex and a duplex in the area, and when I actually saw it in person, I was almost scared to even be there.

The tenant has expressed multiple times the desire to change things (paint) but never actually did so I am taking this with a grain of salt and told her we would discuss again when she is ready to move forward.Whenever that tenant moves out, I would probably have to replace the current carpet due to age and mini blinds are also old (but functional), which is why I am considering the idea.In any case, I would be reviewing quotes, finances and contractor and figure out a way to make sure the work will be finished before I OK the change.

Me and my fiance have been interested in real estate for a few years now just haven't taken that next step towards becoming investors a reality.