I'm committed to making strategic renovations to improve the home's structural integrity, safety features, and overall condition.

As for the median American in my age group, yes I'm way beyond that and I attribute that success to the following:- Willing to delay gratification on a regular basis- Willing to do jobs no one else wants to do- Willing to work long hours for results (a strong work ethic)- Willing to take calculated but high upside/low downside risks- Willing to allow the "fruits of my labor" to be returned to the business instead of paying for a lavish lifestyle- A strong commitment to these principles by my spouse- A strong run of being healthy enough to work to produce excess profits- The fortuitous grace of being born and growing up in the United States, where opportunities for financial success are everywhere and accessible to anyone- A splash of luck at being in the "right place at the right time"

If you are going to understand a business niche you need to realize you don t know what you don t know. 

You're just going to have to either commit to the idea that you're going to leave 80k behind, or leave it all be and raise new capital.Can you redeploy the capital elsewhere to earn more than 8%?

I am not entirely committed to this demographic, however it is the most interesting to me. 

@William Coet,as @Chris Seveney and @Kevin Sobilo mentioned, they very likely are either (A) already diversified, or (B) committed to real estate philosophically, or most likely (C) the tax advantages that come with owning and depreciating property, had done prior 1031 exchanges, etc. 

Make it easier for them to commit right off the bat, and something such as the tv, free parking, accessibility to parking that is guaranteed etc.These are nice perks, and a great addition to your strategy.

Quote from @Henry T.: This sounds horrible and frustrating. 

Needs to be part of the complete transaction, otherwise you are encouraging the buyer to potentially commit loan fraud....and they should not want to do that, and if you are licensed you don't want them to do that...and even if you are not licensed, you don't want them to do that. 

He was after a certain type of investor who was prepared to go on a journey with him and his team, an investor who wanted to build a long-term relationship of trust and commitment.