Assuming the property is equally owned 4 ways (25% each) you could have the property appraised for confirmation of value: $1.8M/4 = $450k/share x 3 = $1.35M could be obtained as a cash out refinance, potentially utilizing a healthy portion of the STR or projected STR income to qualify. 

Payroll was significantly higher, entertainment costs, food, utilities...everything was pretty much under budgeted.

The builder is unwilling to take the responsibilities of the damage as the warranty period has expired and mentioned that they obtained all approvals including 3rd party inspection before closing.

The benefits to using available cash to fund multiples investments as opposed to paying all cash for one investment seem pretty self explanatory, but the largest benefits...especially in real estate...are likely the ability the spread risk across multiple investments and the ability to make multiple investments in a shorter period of time, allowing your cash flow, equity, and ultimately potentially your net worth to increase at a faster pace.To answer your question about traditional financing directly, yes you can obtain a traditional mortgage and put a large cash down payment down, essentially financing 'part' of the purchase price.

You can meet flippers at meetups or try to obtain a list of people who have purchased houses for cash in your markets, then call them and see if they are interested in more.

Gold Beach has strict STR rules but outside city limits in the county there is very strong oceanfront value that can get also obtain a vacation rental permit, listings there do typically go pending quite quickly. 

Next steps will be obtaining that property.

If you decide to entertain this, due diligence will involve digging deep into the business financials to understand cashflow, solvency, and liquidity, his personal finances, and searching for any liens or UCCs in place. 

Guidance can be obtained via tools such as the 1% rule.4.

@Katie Southard For first tenant after we moved who said no way to get to post office during hours, we gave them our keys with signed addendum to the lease that said if they don’t return all of our mailbox keys at lease end, I’m reimbursed for my deposit from their security deposit, and that they are responsible to obtain new keys from post office, themselves, during lease term if lost.