Major issues are lack of parking, lack of elevators, leading to numerous unlived in units.  

The answer is to value this as any other business generating income, not just stick within the confined box of valuing the real estate only.  

Purchased and sold on the same day, it generated a $50,000 profit.

"19 contacts|12 applications" You have 19 leads and 12 applications.Text each one of them:Hi this is Victor with ___ Avehttps://www.zillow.com/homedetails/LINKWould you like to see this property tomorrow after 3pm or Wednesday before 430pm?

I've started flipping houses in the HRM (currently flipping a house in Fairview that was purchased off market) and plan to focus on flipping to generate cash flow for the next while. 

The ability to generate more income for simply the cost of a building is another huge cost saving over buying an expensive commercial lot and developing it.

Just curious if anyone has successfully gotten leads from ALE Solutions/other similar temp housing agencies.

House hacking lets you live in one unit and rent out the others, which can help cover your mortgage and generate some extra income.

If I assume this is a rental property, your income isn't over $150k, and you're not a real estate professional then the losses the rental property generates could offset other income up to a certain amount. 

I think the HELOC is the way to go if you can - However after reading your post, if you are talking about a 6 figure pay day, how long would the property take to generate that 6 figures in cash flow?