Cash-out on a MH I purchased and would like to do a BRRR on

[Wendy Vigeant]

I am using my own cash to renovate it- It's tied in with the land in Palatka.  I got a great deal on it ( I am a REALTOR).  This issue I am running into is trying to get cash out on it once it's rented out.  I want to get a loan on it (approx 60-70K) comps are coming in around 115K.  Once I get that money I want to get a quad or triplex (depending on the price).  I picked it up for 18K (includes the land).  But I am being told that lenders are only going off that figure and not what it will appraise out for once I finish the reno