In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.

And the rents are way under market and tenants routinely complain about potential rent increases (I haven't raised rent yet).I definitely have to raise the rent to make this financially feasible.

Fast forward to today and the substantial increases in construction costs and financing in our area make the project no longer feasible. 

I used the rent estimator in beggerpockets and I think  as a house it is not very feasible to be able to rent it, not only would my profit be very little, approximately 200 per month, but also few people would want to pay 1600 per month, however, across the street from my house There is a house with four rooms and each one rents it for 475, my house has the same rooms and two bathrooms, which makes 1,900 less 965 house payment, less insurance 80, taxes 187 per month and 80 property maintenance, that gives you 1,312 with a profit of 588. what do you think?

This includes landscaping, shrubs, flowers, walkways, outbuildings such as storage sheds, the garage and play- houses, etc.

My partner and I were going to do the job ourselves we had the home surveyed, appraised, feasibility study done, inspected , engineering plans drawn and architectural plans drawn however we are short about $120k for purchasing costs.

We are currently looking at a commercial property that has MOTEL/MHP/RV+BOAT Storage and more.The seller is asking for $4.5M (List price) at a 10% cap rate, with opportunity to grow revenues with some updating and upgrading (rents are low, room rates could be improved)What are some creative financing options that we can look into to make this transaction happen?

there are thousand upon thousands of successful investor that came before both of us. if this avenue you speak of was feasible, it would already have a catchy name to it and be popular. 

Then you have to add the cost of moving around, storage, private health insurance, etc. 

I have and will continue to use them whenever feasible.