Typically that will be more cost effective than trying to use private money.Private money on your first deal may want to see 10-30% down from you and charge somewhere between 9-12% interest to take a chance on you, until you build up your track record. 

In this case, since I didn’t fully understand what the actual problem was, I wasn’t able to be able to find the most effective solution.

Can I renew their lease on 2/1/2023 with the stipulation that the new rent amount will take effect on 3/1/2023 (almost 90-day notice)?

Depending on how that manifests (rate of inflation, economic conditions, global dynamics, etc.) it will effect our local RE markets.

Does anyone have any  cost effective suggestions for sprucing up the deck/ front of the house?

In the case of an IRR hurdle, return of capital has to happen by definition in order to hit the IRR hurdles, so effectively all cash goes to the investor until they not only receive the preferred return but also have received all of their capital back. 

The good news is, as an agent when you do marketing your marketing is twice as effective because you can offer solutions to sellers that have the means to fix up their property to earn your commission, or to wholesale it to the other investors you've networked with if they are in distress and motivated to sell.Couple of notes:1) Great for generating your list and learning the area, but how you follow-up on the leads is the key2) Time-consuming but can yield leads if you can process 50+ new deals a day quickly, once you're familiar with the numbers.

Does anyone have experience with marketing these effectively?

In effect, you cover the difference ($200,000) that the buyer is asking for, which allows you to show the IRS that 100% of the money in the sale went directly through your escrow account and toward the purchase of valid 1031x replacement property.Acting as the lender, you now bring the full amount of cash (the face value of the note) to the closing table.

And I've been "lucky" by screening my tenants effectively and generally not compromising on my screening criteria.