If you have to sell it and have no other idea what to do and you have capital gains to deal with you can look at opportunity zones as options to invest those gains, make tax free money on the investment, and pay those original gains 10 years from now. 

The property is zoned E-TU-C (two units) but the basement unit does not currently hold that zoning.

I would be busy cold calling home builders and/or developers, depending on where it is and the zoning.

Hi BP, Im analyzing a rental property using the rental property calculator, The ROI 17% and cashflow came out $250 for a property asking price of 69,000. everything looks fantastic, but I see the property was sold in Dec 2019 for $38,000 and it was sold again in March 2020 for $20,000 ( checked on zillow,  source: public record)Are these red flags ?

The deal that I was looking at fell-through; the property was in my stretch zone, and after speaking to the owner, he was charging rents that were 80% lower than the competition, and the expenses were more than I estimated.

Would this signal any red flags to a bank?  

The red flag in what you said was “existing tenants.”

Zoning would permit it, large lot provides plenty of space for parking or additional unit construction Thanks in advance

But they both seemed totally legit, had high credit scores (upper 700’s), and there were no other red flags at all. 

It appears that it would be easier to move to your next project, and eliminate the red tape and hoops from regular banks, and eliminate the hard money guys.Has anyone used this strategy, and do you recommend any unsecured sources?