If you're looking to secure any financing they will want to know more specifics as well in what you are trying to acquire. 

Tell them if you perform the punch list now that they will get their security deposits back sooner. 

http://www.nyshcr.org/Publications/housinginformat...That's a good place to start. 

You stated that you inherited this tenant.Did you also inherit their security deposit?

If you are already buying under market value, the cost of repair may be worth taking on to secure the deal.

I suggest properties occupied by investment grade public companies or strong franchisees/operators of national brands with 10+ years remaining on the lease contract. 

As long as the numbers work, it will be to your benefit to secure as many units as possible with that cheap 30 year traditional financing while it's available to you.

You can actually remove your name from public record by doing this, as explained by this article.Otherwise your best option is hunting for a bank that offers you the best commercial loans possible - but the rates will not be as favorable something you would get in your personal name.This isn't legal advice, just my opinion as a real estate investor.

My Chase Business savings account pays negligible interest, and I would like a higher interest bearing account in which to place security deposits so I can keep the interest (in Michigan where this is allowed).Where is a good place to put security deposits to get significant interest? 

And violating the lease would mean they would loose their security deposit.