Sometimes, things don't (or do) make sense at the asset level, but there are strategies above when it comes to overall portfolio and lines of business (e.g. right-sizing business, opex reduction, relocation of assets to e-biz). 

Your best bet is to raise the capital from a private lender or syndicate the deal.

Unless this property has a lot size below 1,500 sq. ft. and has significant deferred maintenance, I don't think you'll have a tough time finding comps to justify an appraised value of $700K.Also, the closing costs should be ~5% of the loan amount, not purchase price.

I do not have the size of the property nor the condition of the property you are looking at but I will say you do not see too many single homes that go over 3K/month in that area.

I bet it could sell for more than $200k, but I am being conservative just in case.

Giving your brother-in-law the benefit of the doubt, I bet all he wants is do is complete his project and pay you and everyone else off.

If you have to change insurance companies and it's going to increase your premium, the support animals can be rejected.If you wanted to educate yourself and investigate, I'm willing to bet you'd discover these two pits are a sham.

@Roberto Filice any specific size in mind or location?

These leases can be up to 30 years and depending on the size of your roof you could secure leases on one rooftop from AT&T, Verizon, TMobile/Sprint, DISH and local regional carriers such as BOOST.

And everything is expensive so what's the point in selling unless you are going to leave the state.As far as investments, if there was an "appreciation forgiveness" tax break for SFH's I bet you would see a lot more investors selling right now.