@Nate Jenks - @Andrew Postell did a great job clarifying the big challenge you'd run into pulling cash out with such a low down payment. 

I'm keeping this property for the appreciation (in a high demand area with great schools) and low interest rate for now.  

Pretty normal numbers for low income duplexes in Cleveland.

A total cost of 6.3Mn over 23 units equates to 274K/unit...this appears unbelievably low for San Diego...I'd want to see full development budget detailing hard, soft and financing costs as well as month by month projections showing construction and lease up cash flows.What's the 2.2Mn purchase price for?

I bought it about 9 years ago as a primary residence, which keeps my taxes low.

First there is no reason to buy a Townhouse "all cash" instead put 40% down and reap the benefits of an extrenly low rate, No PMI and the option to escrow.

Flat fee brokerages have been around forever, as low as $295.

It was not form a low credit score.

I recently sold a house and they had a home inspection and they came back with a list and I simply told the buyers , No to any price reduction or the "repairs" .

Silicon Valley job growth in tech and manufacturing, low property taxes, and landlord friendly.