Based on using hard money I think you're out on a limb that's half sawn already.

However, yesterday I came across what looks to be an excellent opportunity, and since I've been thinking about branching out to different types of investments, I want to figure out how to capitalize on this one.The property is a 1300 sq/ft house on a half acre in a populated subdivision. 

However, it's been difficult the past week and a half to get the ball rolling.

Also being within a half an hour a of a hospital helps.

Over the last two weeks our traffic has fallen by more than half and my cost per conversion has doubled.I know my competitors have pulled back because my cost per 1000 impressions has fallen from $10 to$6.50 however that lower cost per impression has not resulted in more sales.  

I don't see any short sales coming any time soon, and any foreclosures that may come, won't appear until at least a year and a half from now.

I've explained to my partner that we could both take out 13K each(half of 26K) and essentially have $16K total into the property versus the original $43K total.

Or hoping the Fed working its magic does not accidentally cut its lovely assistant in half. quadrillion is after trillion. 

But half of our subs and affiliates  arent working.

I don't know your property address but it sounds like you may be in Pacifica, Half Moon Bay or Belmont.