Right now all I know is a sales agreement and a limited power of attorney.

But if the apartment complex has great amenities AND a cheaper price, it might affect your ability to attract tenants until it fills up.

I would be reluctant to provide a market rent and a credit unless I felt it was in my Interest.

These are professionals with additional training and a stricter code of ethics.

My name is Edgardo and I am a junior at The University of Texas at San Antonio where I am majoring in business administration management and a full time employee at a law firm.

I am in the process of preparing to move to the Seattle area next summer and as part of those preparations I am planning to sit for the Washington Managing Broker Reciprocity Exam next month. 

And, as we all should know, it's also why we set aside some rent for vacancy and capex, etc.

Isn't that the purpose of earnest money and a deadline for applying for then securing financing? 

You will have to hire a securities attorney to work with and guide you through the legal structure as well as the legalities of the capital raise.Bottom line, it's totally possible to raise the funds, but you need to have the right structure in place and a track record to support it.

I suspect you would have trouble proving anything and a lawsuit would be more time and money than just installing a drain from the wet side into the sump well.