The main problem I am having is that its difficult to figure out the ARV of the property because the property is in a rough neighborhood and there isn't any duplex that has been sold in the area in the past 6 months. 

Click the "Store" link at the top of the page and buy the BP books on "Finding and Funding Great Deals", Brandon's "Low and No Money Down" book, and the new "Raising Private Capital" book.

I'm considering using fund and grow or searching for private lenders.  

Also, keep in mind, when it comes to commercial, some (depending on the asset type) are sold as NNN leases which require very little maintenance and property management, but offer lower returns.

Is it an REO sale (already been foreclosed and being sold by the lender);  or a courthouse/sheriff foreclosure auction? 

Based on how much work you need to do before unit is sold.

Purchased for $738,000, the original 898 SF home was demolished excluding about 4 lineal feet of 1 wall and it became a new contemporary 2,290 SF custom home which sold with multiple offers all over ask price.

We kind of have some experience in this since we have bought and sold our past three homes.

If you can put the deal together and find your buyer the financing through a private money lender or a traditional bank that's easy to work with, that's going to make it much easier for you to sell that property and add value than it would be to do cash-and-carry.

Hi there, I'm working on setting up a private money deal (I'm the deal provider, they are the cash provider).