There are other ways around this such as seller financing or private money lending but that is an obstacle you should be aware of. 

Personally, and what I would do for my clients, I would connect with a local community banker to discuss the property and see if their bank would entertain this type of financing (not all banks like doing this type of deal).

The walls in your own house are going to be covered in scuffs and marks but for some reason the buyer completing their final walk through will have heightened awareness.

Given the seller owns both properties it’s quite obvious they were aware.   

On the business management side, I've invested roughly $10k into the systems for financial and operations through courses and consultants.A great Facebook group I'd recommend Remodelers Community -- I know it says remodelers but this group has a resource called the "remodelers vault" where members have pitched in their resources like contracts, cash flow trackers, QC checklists and more that are invaluable starting out as a residential GCBest of luck, you got this

You are investing a lot of money & using a lot of the built up equity in your livelihood to be passive about it.I know this may sound pessimistic but it's more to make you aware of the reality.

This kind of legislation discourages good investors and people who enjoy coming in and helping to stabilize communities.

I want to thank the few people that took the time to welcome me to this community.

some things to things to be aware of;My father and I have found the deal and will be completing 90% of the rehab.The friend has lots of capital and is able to provide large sums of cash if needed.

Id go right into looking at local credit unions and small community banks for HELOCs (lines of credit) so you can have a lower blended rate and draw/payback as you please.For the 3F - Since this is free and clear, you would only be looking at 1st position options here in the world of financing.