I am a local agent here in SLO and also own an investment property in the area.

The minimum six-month to two-year redemption period is also a major problem for a lender.If you don't have your own money, the best method is to raise private capital. 

I own 1 Single family LT rental that is struggling to cash flow in a small town (bought in 2021) - so no equity right now.

For instance, if I manage to raise private capital to fund a deal and purchase a successful rental property, how would this actually benefit ME when I have no skin in the game (i.e. money of my own invested)?

We (my wife & I) currently own outright one home which we are renting out.

Sounds like you want to be in the Montego Bay community (trailers but you own the land).

Everyone has their own criteria, but that is generally my rule of thumb.

A lot of times tenants renting single family homes already own washer dryer 

I know everyone has their own requirements, but for me I would like to see a higher planned return.

I have a condo I recently acquired that I own outright.