4Plex + Mobile Home + Land Property Financing

[JJ Littrell]

I have an opportunity in my preferred market for an off market deal with a historic home that has been converted into a 4 plex. The property includes additional land for future possible buildings and a mobile home. The 4 plex and mobile home are currently tenant occupied. This is a bigger deal than I've done before (only ever done a condo as an investment). I am looking for a $200k single family deal, this would be $500k, 5 units plus undeveloped land.

My realtor (who brought me the deal) says this type of property can be hard to finance. Any thoughts on why this is hard to finance? Any ideas on how you'd structure this deal? I will be looking to see what the seller is willing to carry for sure, but outside of that, what options do I have? I've thought about hard money to do a "cash" deal, but then if I can't refinance out of the hard money, I'm stuck. 

Thanks for any ideas/thoughts!