So far nothing here for the passive investor.For larger deals, or situations where the deal makers business is syndication, or transactions that would be too high risk for conventional financing, or a million other reasons, the deal maker will seek PRIVATE CAPITAL.

Good day beautiful investors,  I have a situation where the owner of a condo has rented to a tenant & the owner moved to FL.

If you are raising money from multiple people review the howey test, as you are selling a security in most instances and would need to get a SEC exemption which will cost you $10-$20k.

My situation is probably unique.

My latest nightmare with them, is that they reversed a charge from 60 days ago, and it seemed like multiple tenants got together and did this, since its an apartment building.  

The process is different in each county so I don't think our experience in Snohomish County would be exactly applicable for your situation. 

Any upgrades - especially large capital expenditures are justified by rent increases since you are improving their living situation. 

Different knowledge, skillset and personality will lead to different results in the same situation.

If you pull permits and renovate, both your property taxes and insurance are very likely to increase, causing your cash flow situation to decrease.

In case you're in the same situation again, it always helps if your realtor have a conversation with listing agent to understand what the seller's priority is and what is important for them; it'll help make your offer stronger.