The lot next door is cleared and buildable and we owe no money on the lot.

I’m scrapping up money to invest and this 401k just sitting there barely appreciating (I actually lost money with inflation) .Thanks 

I currently have 5 units that I purchased with my own money, and I am now turning to friends, family, and colleagues to raise capital for future purchases. 

@Bryan Noth But if the inspection fails to approve should I spend money to fix it before I can renew the lease ?

Option 1-sell it back to her ie tell her you want all of the money back within 72 hours PLUS all of the costs you incurred or will incur (eg mortgage penalty) as a result of her not moving or you will sue her. 

It is worth the money spent to have your questions answered specific to your location and situation.

I have tried setting up several units on my own and it led me to frustration, wasted money, and wasted time.

We currently do not have much money in saving due to recently rehabbing both of our houses.

I have some money saved for investing but not much.

I'm considering asking if they would loan based on the appraised value if we used our own money for down payment.