Their money comes in various tiers of interest (some IO bridge financing, some equity with preferred return, some class b equity, etc).

@Dawn AnastasiI have experienced that three times in Milwaukee ... here I figured it was happening to me because I'm from away?

Three months and 2 price drops I got a call .

My investor owns a few thriving businesses including a rental house and three karate schools. 

I would also like to raise the rent by $50 a month for three of the tenants to offset the costs for this upgrade.

I would think at most you would owe the previous owners three days rent for the 1st through the 3rd. 

In addition although three-quarters of new house-holds purchased homes in the 90's fewer the half do now.  

I currently have three rental properties (one in Virginia and two in Nebraska).

I have access to three in my area.

I show the seller basically three options, 1. they can sell for cash and pay the cost to sell, which is about 10% of the value of the house, 2. secondly they could rented out and wait for appreciation and there's knocking to be very much principal paydown, and 3. lastly they can offer the property for lease to own, somebody moves in and pays their market rent for period of time, works on their credit rating and their ability to borrow money, and then pays full price and also pays closing costs.