Our immediate plan is to get some STRs going and mix in some mid or ltr, and in the future a few other possibilities to bring in income. 

You are still going to get the best rate possible with your significant down payment and with good credit I'm assuming.   

I would keep as much liquid as possible and essentially get you to 20% equity or more by renovating the property. 

Apply for a dimensional variance on the vacant lot to allow a smaller lot and/or setback so it can be built upon.Your best first steps are to sketch a plan, possibly with an engineer's help, then contact the zoning department to discuss your idea with them to get informal feedback on your liklihood of success before you spend a lot of money.

@Keegan Wetzel I just relocated to the San Diego area as well, and would like to connect with your CPA, could you possibly send me his information?

Otherwise, you will have to explain the large deposit and possibly the source of the funds to buy the crypto.You can expect to need about 20 percent of the overall costs of the purchase and rehab.

Quote from @Ricardo Polanco: Good evening everyone, I am evaluating the possibility of buying a multifamily property in Scranton, at this moment it has 2 apartments that only need cosmetic repairs and it has a big 2nd floor unit that needs a full repair.

Sometimes I think, well maybe that newby is an expert at draining swamps....or they have a helicopter to reach the landlocked property and want to practice aerial concrete and building material transport.There was a guy on here the other day, challenging me that he could not possibly go look at all the "deals" he was going to buy in Florida for 10c on the $1. 

I’ve had multiple people contact me and I’m looking for possible solutions.

Now if you could prove they were purposely steering qualified candidates to other units, or failing to market the unit at all, those would possibly be acts of fraud or gross negligence, which can be litigated.