If you give them the freedom to be candid, that will reduce your time wasted on candidates that aren't a good fit. 

This may cost you more upfront, but the upgrades should give you maintenance-free (or at lest minimal maintenance) for a good number of years.

Failure to do so constitutes mortgage fraud and your head start will be wasted. 

The rise in unemployment nationally has affected our market minimally here in the Greater Boston market.What town is your multi-fam in?

I will only do this deal if I can do it with minimal money into it. 

Don’t waste time on looking off market or other strategies if you haven’t purchased a place of your own yet.

I think ideally I would contact a real estate agent in the area so I can discuss what I'm looking for, but since I won't be able to get financing yet I don't want to waste any agents' time.

We work to minimize risk to that great net worth that took so long to build!

I've lived in several houses and purchased at good prices only to sell 2-3 years later after very minimal upgrades and natural appreciation.

I've also had the same scenario where the PM found qualified people within a few hours and placed them with minimal effort.