Now if I was to talk to the 2nd and 3rd and they agree on settling for 1/2 of their position on the property it would look like thisDelinquent amount and 1st remains the same2nd $ 27,0003rd $ 12,500Total $ 217,500I could sweeten the pot and offer $ 100,000 to the owners for the keys bring my grand total to $ 317,500Comparable sales as of 2-4 months ago is low to high $ 600,000.

Now if I was to talk to the 2nd and 3rd and they agree on settling for 1/2 of their position on the property it would look like thisDelinquent amount and 1st remains the same2nd $ 27,0003rd $ 12,500Total $ 217,500I could sweeten the pot and offer $ 100,000 to the owners for the keys bring my grand total to $ 317,500Comparable sales as of 2-4 months ago is low to high $ 600,000.

Being my first deal, I really wanted to sweeten the pot to get him on board with the investment.

You have to sweeten the pot to the tenants to get them to consider this otherwise they will stick to the original layout of the lease and renewals.

If you're going to sell it to someone else you need to "sweeten the deal" for the tenants.

This just seams easier than a mortgage refi although a few interest points higher.I guess my biggest question was because I am buying property 2 at close to retail numbers to sweeten the deal on property 1 am I making a newb mistake?

On our calls prior to the raise care is given to be both transparent and to offer investors who invest early sweeteners in deals, which is more than fair based on them risking money sooner.  

So you gotta figure out how to sweeten the deal a little bit.

Great advice here from everyone, I just wanted to sweeten the deal on something @Natalie Vane mentioned.

I guess sweetening the deal by raising the rate would be an option.