In case anyone wanted to see the final product I have posted it below.

Keeping in mind that this advice comes from someone who doesn't necessarily trust property management companies or the quality of their services. 

What I am doing is took out HELOC on other property I have to use as capital for renovations, then plan is to refi to pay myself back and lock property in for consistent income production. 

I went to one as a guest and I am thinking it was the same year.. they had all sorts of different products for sale there.IRA set ups  asset protection  Lots in Lehigh FLA  rental houses in Detroit  etc etc.  

Watch your commercial a$$es.To add to Jay's  Heloc warning, I see residential folks using blanket portfolio and commercial products with cross-collateralization clauses and all kinds of small print. 

You will see gaps everywhere, which need to be caulked, which makes you final product look like crap.There is a great book on BP from J Scott about estimating cost.

My fear is that he leased up the building with low quality tenants and doesn't want me to review the tenant screening materials. 

I can help you I can send you my rate and product sheet and get you done with stated income and verified assets 

This allows me to compare a property that I'm looking at to similar properties (location, quality of finishes, size) in the area.

Obviously you and I both have quality rentals and probably both screen thoroughly which is why we have low vacancies.