Suggestions on how to best utilize out 1031 Exchange funds

[Pat Mulligan]

We have $1.3M we have to spend, roughly $380K of that in a mortgage. We were thinking of BRRR-ing a combo of 3 or 4 SF and duplex properties in 2 different markets. Of course, we would love to be "cash buyers" for a quick close, but obviously, we can't be on all of them.

Can we get decent financing on a conventional loan if the properties do not yet have any rental history?  Also, if we plan to short-term or mid-term some doors, how does that affect financing options? 

If we can't get conventional loans with 30% down payments, we were going to buy 2-3 and refinance them later. I just need to at least get that $380K loan incorporated into the exchange.

BTW-We are experienced long-distance landlords and 10-year Airbnb hosts. Cash flow will not be terrific because of the markets,  but we are willing to buy and hold long-term. We identified these markets for personal reasons.

Thanks in advance for any advice you can give me.

Pat