I have found good deals used but time is money and with an occupied property I just buy new.

The only thing holding me back from trying to keep them is the fact that I want to use the money from this project to fund a different multifamily project here in the Seattle area.

@Britney RossI’ve been in the RE business for over four decades now.Most of that time spent in the single family brokerage and investing world.Several years ago, I made the decision to transition from SFR to multifamily.Despite decades in the industry I felt the need to educate myself about MF.I paid for an intense 2 week education program and then a 3 month mentorship.Trust me, it was worth it.During the mentorship, I acquired a 43 unit property with the help of my mentor.Fast forward 4 years later, I am in a General Partner in 1000 units worth $130M.So for me, it was money well spent.You didn’t mention where type of investing you wanted to do.If it’s MF, you are going to need partners and help.

He bought the home with no money down, Home town Heros program and creative finance, then we developed the property by improving it with electrical upgrade additional meters and more bedrooms.

Differentiating to increase occupancy or highlight the value offered doesn't need to cost money. 

There is also one mentioned a lot on this forum that has a long thread that someone shared the investors are wiped out, just not officially because the sponsors are trying to scrape up as much money through capital calls to get back their own money that they provided to the syndication in the fashion of loans. 

We are managing members of each series, and make all decisions (we have a fiduciary responsibility to the investors), additionally we investment our own money in every note (series).  

I am being told I need more money down for another property. 

I have a potential hard money cash provider to fund the acquisition of land and fund new construction build.

@Spenser Finnestad read your contract, as if seller promised you it’s vacant, free and clear by closing date, maybe they can pay a fee to the lender to extend your rate lock until they can honor their side of the contract, or maybe they pay the tenants money to get out now.