Jacob, You state that there's existing demo.

It is the reason that people tend to 'cheat' first before cleanly breaking off an existing relationship and Then moving on.

I raise the rent to the existing tenant, upon lease renewal $200.

If the existing hot water is sufficient for all 3 units then I might consider pro-rating it across all three units.

I haven't looked in a while, but I'm pretty sure you can't do a cash out refi with conventional, only an existing purchase money note.

DC has very strong tenant protection laws so it could potentially take years for the existing tenants to move out on their own (at which time you could convert that unit to market rent for the next tenant).I would NOT count on eviction as a strategy.

If there is an existing lease/rental agreement you must honor that lease provided it is an arm's length agreement from tenant to old borrower and the rental amount is not substantially less than fair market rent.

Yet, it is money she is owed per the existing agreement.How are you setting the price of the property?

You are contractually obligated to your existing buyer.

I have partners on all 3 of my major investment projects right now, and I am starting another project with one of those existing partners.