We raise capital for larger syndication type deals but maybe some of the content will be helpful.

You do not have to be a syndicator to raise capital. 

They can provide firsthand advice and potential solutions.SummaryLegal and Financial Consultation: Get professional advice from a real estate attorney and financial advisor.Negotiation with the City and Lender: Try to negotiate terms that provide relief or feasible solutions for compliance and loan terms.Exploring Financial Options: Consider new financing, partnerships, and investment opportunities to raise the necessary capital.Community and Industry Support: Leverage the experience and advice of others in the real estate community.Each step should be carefully considered, and professional advice tailored to your friend’s specific situation is crucial.

Mind you, all of my properties are worth more than their appraised value now, but during the Recession the City Manager got the bright idea that the way to easily raise revenue was to raise the appraisals, and they ended up higher than the resale value of those properties. 

Follow your lease for late fees, and at the end of the lease raise the rent.

@Scott Mac You raise some good points and open the door for some additional dialogue.

Raise your size limit and charge extra $$ with pet rent. 

To raise capital from investors I gave “talks” at various real estate investment groups and self directed IRA providers (about 5 per month).

In my expensive market I've seen folks get creative by renting gardening space, Ie raised beds,some tools.

This raised the valuation of the asset tremendously.On the second occasion, about 2 months ago, a tenant complained a few weeks after the fire department soaked the unit to put out a fire.