I already have money left in the property and hesitant on sinking anymore in.  .If there isn't much equity, and there is so much to fix to make it livable, why not do a "deed in lieu" with your lender and move on with life?

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

That is for true commercial properties and LENDERS do not look at value that way.

OccupancyMost lenders require a minimum occupancy rate of 85%.

Have you had a chance to talk with your lender yet?

Sounds like this property is better suited to be a LTR.You will likely get some unfavorable reviews about the neighborhood that may make your decision for you.

I’ve done a couple of fix-and-flip projects in the past, both of which were financed through hard money lenders.

In the “old” days, people would have the seller pay the lender so as to not “alert” the lender that a property sale had taken place, so that the lender def wouldn’t trigger the so called “due on sale” that’s a part of almost every mortgage or deed of trust document.  

While sophistication of your equity partners (private money lenders) will vary between residential and commercial, the principle of raising private capital is the same.You need to develop your own system which allows a constant stream of PML even when you don't need the funds and/or don't have an active deal under contract.For example; I raise private capital by offering free educational workshops for people with self-directed IRAs.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?