Currently, I’m looking to network and learn more about the business in the hopes of growing my real estate portfolio, with a focus on single and small multifamily rental properties in Philadelphia and the ultimate goal of moving into commercial/mixed use real estate. 

Utilities are in, phase one of the roads, curbs, gutters and water retention has been completed as well.I have received approval from the municipality to build the project as duplexes that will optimize cash flow and raise the number of finished units to approximately 300.I owe 1.25M and need 1.05M to finish the roads, curbs, gutters, and water retention.The first lien(1.25M) is overdue and was intended only as a bridge.The finished value of the subdivision would be 3.4M -4.5M as finished lots, depending on the comparables the appraiser uses.I have also found a lender that will lend to take the first out, but his points are high, it's not hard to get very expensive in points on a loan size like this.I am outside the Phoenix and Tucson markets in a smaller but rapidly growing area.

Do I need this money to live on or grow my business?????

No aging absentee landlord answering to the name of Jimmy having the tranquility of his nap in the Greek islands disturbed to authorize paying the property manager, the plumber, and the county inspector their respective pounds of flesh for the repair.I do it for lousy tenants and for good tenants.

I plan on building a sizable real estate portfolio and grow my network along the way.I am eager to learn from others as well as give my knowledge and expertise.

The only reason to do that would be if you feel that the IRA would grow more effectively in real estate investments you choose than in the current investments.Because your husband is of retirement age, he can choose to take distributions from the IRA. 

However, you may go through some growing pains once you have a vacancy and have to find a new tenant. 

That may be something to consider if you're looking to grow quickly, especially if you're buying in/through an LLC.

My assumption is that a lien of 1M for whatever age old violations on a 200K property would basically make this property unsellable and that the city would in the interest of seeing the property purchased and turned around more open to reducing the lien to some more reasonable based on the market value of the property.

@Dylan McCabe probably not an ideal investment if you intend on cash flowing and growing your wealth.