How to make an expensive 4 unit property at beach work..Need ideas!

[Ashton Fry]

Good afternoon! I need some ideas for how I can make a multifamily property work in Jacksonville Beach, FL. This is an offer market deal I found while writing letters and the seller call me with interest to sell. I am typically a buy and hold investor so that was my plan for this but Ive found it hard making that work. The ask price of around $730K and there are comps in the area over $1-1.2 mil. There is a ton of value add opportunity. It is about 4 blocks off the beach and close to the town center. 20% down is about $146K and that is without rehab. I believe in this market and believe it will appreciate over the coming years. With interest rates being so high and hard money being so expensive, I am having a hard time figuring out how I can make this happen.

Are there any ideas for how I can finance the down payment and rehab for this property? 

Property Details:

4 unit multi family home at $730K. All metered seperate. Rents foreach unit around $900 each but market rent for LTR is $1500-1600. There is a solid MTR/STR opportunity with the units that could generate even more return. Insurance estimated at $7,000 annually and taxes around $10,000 annually.