This would avoid dealing with traditional lenders altogether.Partnership: Consider bringing in a partner who can provide the $140K in exchange for a share of the rental income or future appreciation.Cash-Out Refinance: If you have another property, you might be able to do a cash-out refinance to pull out the necessary funds.Best of luck!

No current liens but these properties have tax deeds, not warranty deeds if that matters.That as-is value is going to make obtaining financing more difficult for sure.Financing options drop off pretty steeply below a certain dollar amount because foreclosure costs for lenders can be significant.Your best bet may be to connect with some local private lenders (local investor meetups/referrals are a good starting point for this) or local banks.

You best is bet is usually to match existing.  

I'll bet it's one of TWO thoughts:😮 There's something WRONG with the car!

We have access to capital to build the unit, but with the market slowing down, there is a possibility that we could 1031 exchange into an apartment.

It's a bet on the future appreciation, maybe generates enough income in the meantime to pay taxes and insurance, chances are no cash flow. 

I would bet the attic is the 3rd br so it's really about 1k- 1200 sq ft overall. 90% of the props in all of Cleveland have converted the attic to make it a 3 br.

Beyond that, I enjoy cultural exchange quite a bit and having my perspectives challenged.

Down payment is $130,000 from a 1031 exchange. 

Two lessons I have learned: 1) CashFlow is critical and 2) Sometimes it’s good to sell when things are going well- I bet you weren’t considering selling when it was worth $2.7M.