@Aaron Bard the syndication route would likely be the best route to go for you.You will likely structure in either a 506(b) or 506(c) syndication, each having different pros/cons.To raise capital from those outside of friends in family, you will need systems and process to be able to target/attract investor that want to partner with you on your projects. 

This might be slightly different, but it’s also kinda the same thing.

Let them know it will be used at the end of their new lease and that they will need to pay the difference between the amount escrowed and the new rateIssue this in writing

Why would you expect tenants to act differently because they are being evicted?

As an investor, I am again new and lacking the knowledge of a seasoned investor, but I'm asking completely different questions. 

.- The 23 year old who just bought the first house-hack may teach us something game-changing.The “real deal” looks very different in many contexts: THAT is the power of BiggerPockets.

A couple of quotes I always like to use to give myself confidence are:"Timing the market does not work, however, Time In the market makes all the difference in the world!""

I uploaded a different post on multifamily, but this one relate to house hacking.

If not I'd give them nothing...it's no different than if your neighbor started building tomorrow and it was near their unit but on another parcel.

You can find tons of info on different investment strategies on this forum, don't hesitate to ask questions and soak up the knowledge.