These loans are short-term, asset-based, and designed for situations like yours.

@Cristal Ochoa @Leiah DotlichI will preface this with the fact that I have a legal background, specifically with estate planning and asset protection.

However, I typically like to make a distinction between my parents assets and my own, simply because doing so provides me more satisfaction when I succeed.

I would focus on improving your credit and obtaining a more stable income so that conventional financing is an option. 

He has been a great asset to many investors doing the same thing in this area.

@Kishore Siva 100% go into their office and request a meeting to understand where they are in the review process, what questions they have, and outline a path to obtaining a permit.

If they sold the asset right now at the current valuation it would wipe out 80-85% of my equity.

I would, If in this position, take the equity in the form of a HELOC and purchase a cash flowing asset that would not only pay for itself but pay for the cost of the money while putting cash into my bank account each month. 

It means your house might be your biggest financial asset — and it could open up some exciting opportunities for your future.

As far as some other comments about like kind etc, you can sell this SFR and then buy a warehouse, or vacant land or even exchange into a DST there are many other assets that are considered 'like kind'.