The best thing to do would be to syndicate the deal and raise the capital from investors.

I'm also worried about raising the rent in fear that they might leave.

I was hoping to raise cash, pay the seller, lightly rehab the two units (they’re both already in good shape and wouldn’t take more than 3-4,000 each to make them higher end rentals in the area), raise rents (at least $100 too low per unit), and then refinance out in which I think the property would then be worth north of 100,000.

Rent has been rising in this area faster than I've been raising it.

@Kyle Mitchell, I am curious how your price per door is below target if you are at the price you were hoping for.And, as others mentioned, what was the primary metric you used when raising capital? 

We’ve thought about trying to raise our offer to 257K and then just have the seller give us 7K in cash to pay for the new roof.

Challenges - Deal with inherited tenants and balance of raising rents and setting new rules and expectations without coming a crossed as the greedy landlord.

We actually made MORE than that because we've made good cashflow from the apartment building during the time we held it.Here's the HUD Settlement statement:Here's the picture of the front of the building:True No Money Down Deal - No Capital RaisedThis is a TRUE "no money down" deal as we did not need to raise private capital or used OPM (Other People's Money).

@Joe KrugI have NEVER been a fan of the crowd sourcing platforms as many of the deals on there are people who could not raise money via conventional means so go to a platform.

:)So, a little about me:I'm a Long Islander, born and raised.