Hello, I am looking to put together a Memorandum for raising capital from Friends and Family.  

I want to use the tenant first strategy but when I tried to get preapproved by a mortgage broker but debt to income ratio and credit (650 unfortunately)  didn't suffice (was told I could only get 65k loan) my question: is there another way maybe using an LLC to get approved for a larger amount or should I focus on raising more capital from investors/private leading.

So raise the rent or put a for sale sign out,  You did the math just a little to late.. so catch up.

This means you cannot move the tenants out or raise their rent easily.

He didn't say how long he held it but he raised his family there as the town turned around and ended up selling for over $750k 5 years ago.

So, I suppose the question is "Can it be done, or should I wait 3 years to raise another 10k?" 

There is no way running the water for two hours would raise a bill by $2,700.

Filing one claim shouldn't raise your insurance in Texas.

How much should I raise rents3.

I'm not sure exactly how much that would raise the value of the home, but it could be done with about 5-6k.