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I get that labor costs (along with everything else!)

Total cost of land and size?

2- if there is a “problem” Will the “solution” discussed solve it in a cost effective, consumer accepted way?

If you did a cost segregation study on the property in the past, you may have to recapture the depreciation taken in the past.capital gain tax rates are 0, 15 or 20%There is also a potential 3.8% Net Investment Income Tax.Also, don't forget state income taxes depending on what state the property is located or your state of residency.Best of luck!

I expect the work to cost about $150k plus or minus $20k.

If you are going to raise equity, you appear stronger if you can originate bank debt at a lower cost than alt. lenders.

Specifically, the cost to have it corrected is now a known material fact. 

If you don't want to finance the other projects then you should consider your opportunity costs.   

For a conventional loan, you can borrow UP to what you paid for the property plus closing costs OR 75% of the appraised value which ever is less.