For members to tell you what is best to do with $15k is tough because it will vary to what you enjoy and where you see yourself. 

A solid value / price is tough to gauge Anthony Gayden  without any of the other answers because creating that number is a function of what the market can bear (rents), what you will need to put into it to get a solid tenant, and what you can convince the lender to assume.

I will look for a better scenario that will prove to provide better numbers!

(once again, Steven Hamilton's reco is spot on)Southside is tough and not for newbies.Indiana is good too and can be reached within 45 minutes.

It's tough to borrow from people you don't know to do this stuff.

I have tried looking through county assessor websites, but those are tough without the specific addresses.

Of course not knowing the particular area makes it tough to know what you are really looking at.

I will provide them a recent bank statement showing a balance greater than $300,000 and offer to pay a year of HOA fees in advance, and I will offer to have a third party investigator do a background check on me to prove that I do not have a criminal record, given that I am paying cash there is no logical legal reason why they should refuse my application, but this application process may have little to with the law.

Other than the above suggestion to find a credit partner to do a conventional refi, it looks like it will be tough to get the property to cashflow, so instead of accessing equity via refi (and making your cashflow worse), why not access it by selling?

Unfortunately, that can make it very tough.