I had an allure ultra click lock floor in a retail store for two years and when we lost our lease I pulled it up and installed it in a rental.

They are ultra conservative with their underwriting.

That's strike 1 for me, UNLESS the 140K is ultra-conservative or unless the Cash on Cash or CAP is excellent.2.

I feel like I'm being ultra conservative on my numbers as well but I think you are right. 

On assets like this the stabilized cap should be ultra high so with higher debt service the cash flow spread is still good.I hope you find the loan you need but it sounds like you are looking for miracle terms for the asset type and location. 

The response has been ultra sluggish and slow.

Thanks for the reply.I definitely feel like my estimates are on the high-side, but I'm trying to be ULTRA conservative when it comes to estimates only because it's my first ever project. 

As for having equity in my properties I have generated tons of it, much when I buy. but unlike ultra conservative investors I "move my equity" to higher paying investments. 

As they move up the net worth ladder investors tend to want less headaches and move into higher quality assets where ongoing cash flow is a little less but long term equity growth prospects are high.There is generally not demand for low income areas except for investor buyers searching for yield to deal with a headache versus ultra high quality areas where investors will usually pay  a premium to a seller to own in an area.

You have to be ultra careful because with this length of time holding the property a lot of things can go wrong and the market can change temporarily for the worst due to weather, holidays spike in interest rates, sudden oversupply etc...