I want to purchase more but our credit sucks so traditional mortgages are out.

I always remind folks that comparing the IRA to your taxable self is not generally applicable. 

Did you call around for local contractors and have them come see the property and compare multiple estimates?

Compared to the newer developments, our community is bit outdated (built in the 1960s).

It's going to be at least twice that...maybe three times that.2 - How do you know it would appraise for $130k3 - You won't get financing (traditional) for this because the loan would be way too low. 

Every deal analyzed thus far doesnt even compare when analyzing return.

@Michael DeakinDepending on how much you paid out for the property in total a cost seg may make sense.The agricultural structures have a much more favorable depreciation schedule and tax treatment than a traditional commercial building. 

Compare that with say, investing in a stabilized hotel deal, at an 8.0% cap rate.

Traditional portfolio loan How did you add value to the deal?

I refinanced to a 15-year mortgage (no bank was willing to write the traditional 30-year mortgage) and got rid of the balloon payment.