Our real estate expertise was instrumental in maximizing interest and attracting offers.

But it is not a closed option as there are a few that do not have these restrictions.As an alternative, you might want to look into house hacking or buying a single-family home instead.

There is an alternative that involves doing cost segregation on property you purchase and using this to help offset cap gains resulting from failed 1031 Exchange.

You could also present the deal to other local investors or private lenders who might jump at the opportunity, given the attractive terms.

Some other areas may attract influx of residents from other states who find triplex on very small lots attractive. where do I find that data?

Colorado Springs is a beautiful place to live and will continue to attract new residents from all over the country for decades to come! 

I do however, have full availability on my HELOC, various credit cards that are offering me 0% balance transfer checks for up to 12 months, and various retirement funds (Roth IRA, traditional 401k, etc.)I'm already a homeowner in SoCal, but I want to buy my first LTR SFR someplace like Cleveland since the price point is attractive.

The additional income from STR could justify the renovation costs, but it requires active management and market awareness.LTR or Break-Even Strategy: Renting long-term might simplify things, but if it only breaks even, you’re right to consider if appreciation is enough motivation to hold.DIY Basement: DIYing the basement could increase STR appeal without the full $50K outlay, especially if extra space attracts more bookings.

Definitely need pics of the back yard and info about local area such as schools, attractions etc.  

Until Fed begins to cut rates I’ve found alternative lenders in some cases to be competitive with banks on construction debt when considering the totality of factors (rate, leverage, depository relationships and pre- payment penalties).