@Kwanza Price - Syndications are a great options and even some QOZs. 

I do single family "off market" that I take over with owner financing, subject to, wraps and lease options.

I recommend that you find a trusted or recommended Mortgage Loan Originator (MLO), who can give you options for property-based loans (mostly investment loans) and they don't use your taxes but the P&L of the property.

Happy to chat through some options.

The only other option I see is a short sale, if you don't need to purchase for a few years and don't mind a temporary credit hit to save the $60k.  

And if it were set up where everything went through a title company so the buyer pays the title company, they manage the buyer's loan (from me), and the title company ensures my mortgage is paid without my direct involvement... what parts of the transaction would feel risky or not worth the headache to you? 

Your best option would be to refinance your loan (if any) and get a construction loan for the improvements.

I have two options.

The first option will give you continuous headaches with a certain likelihood that the behavior may get worse (not paying at all and more damage).

@Jerry Chilimidos,Here is a list of lenders who specialize in lending to IRAs and 401Ks:https://www.biggerpockets.com/member-blogs/2810/50272-list-o...I don't know where your rentals are located and how they are performing but selling might be an option vs doing cash-out refi.I would certainly consider option C.