I feel like im sitting on a gold mine but dont have the tools!

[Melvin Allotey]

Ok, so i my dads leaving me a house at 7022 N Lombard St, 97203. Its really old but has good zoning. We owe 190k still on it. I just recently tried to take the loan over but i dont make enough on my taxes. I currently care give for my father making pennys. So ive been trying to look at investment opportunities.  I really want to knock the house down and build a 6 plex to hold. I talk to a couple builders and they're all quoting 1 million to about 1.4 for the build budget. Can any one help me in how i can make this happen with no way of getting a loan. I have a 800 credit score, but im lost in this world. I want to learn though. I know if i get a deal or 2 under my belt ill be able to navigate into doing real estate investments full time.

Thanks,

Melvin

p.s. and if anyone has better ideas for the property let me know. Also its zoned to have a store front also. Is it better to have all residential, a mix, or all commercial?