It is obviously not any kind of conventional financing with those interest rates nor is it the typical hard money loan on a single family ~5 points, 12-16% interest, and 6-12 month loan period.  

Obviously, you will need demographics and traffic count info.

You obviously have attention to detail, which bodes really well for you. 

Also be very concerned about obvious discremination.

Obviously it's in their interest to make you think the ARV is sky high. 

Some lenders will only require a copy of the lease on the subject property to count the income since there obviously isn't 2 years of history.

The obvious question is why didn't they sell?  

Originally posted by @Myles Wisdom:I was reading a short article today that said something that I found interesting: "an investor's greatest enemy is not really the markets or lack of resources, but really the investor himself".So the obvious solution is to eliminate one's self.

The siding was pretty bad and obviously the roof was in terrible condition.

If you can not recover it, obviously it will cut into your return.