Not to generalize too much, but high-earners in their late 40's to early 60's often have surplus funds.You have done some successful flips, so summarize your track record in a couple of pages for sharing with these potential investors, emphasizing the relative safety of the investment via the low LTV, your successful track record, and the short holding period.Offer them 10% interest, bring 10% of your own money.

The well pump is on our electric as well as the water heater, water softener, and garage.

All of those factors point to a softening of the market.

You can't catch it all, but you can soften the blow a little.8.

If you're concerned that it feels too hard/harsh, you could put a few area rugs to soften it some.

The property ends up selling anyways but I think as the market softens here and inventory grows you will see sellers a little more desperate to sell and then you will see more appealing deals present themselves.

They may find a place and be able to move faster but I would allow them extra time to 'soften the blow'.

As an aside, the folks who filed for bankruptcy advertised the $2000+ water softener system on Craigslist for $400.

US Master Depreciation Guide includes this, pre-heaters and softeners as structural.Other taxpayers have found a friendly plumber who simply invoices him or her for plumbing repairs.

By doing that, you can difficult decisions where business and friendship are involved.In this case, I would thank the tenant for being such a great tenant and friend (to soften them up), inform them that market rents are now at least $1K, and that you have no choice but to increase rent to that amount.