When the contract fell through, I recognized the property's potential and stepped in to purchase it directly.

The third option would be to parcel it out in steps.

All great points @Matt Mertz using your personal experience which is crucial.I think Broken Bow has stepped up in competition but I think the nature areas are top notch.

Hello, I am looking for advise on the proper steps to purchase an upcoming foreclosure estate property from the executor. 

And once you complete your 1031 exchange you could then do a cash out refi on one of the properties to access the cash you need, and fully take advantage of all the benefits of the 1031 exchange.You just want to be mindful of the time frame requirements in this scenario, but as long as you are proactive it shouldn't be an issue.

I can get the info from the county tax records but still need to take another step?

In my haste there were some steps that I did not consider.

I appreciate you stepping in to do what you can!

They may have dealt with similar situations and could offer guidance on the next steps.

Looking forward to seeing how your experience shapes your next steps in long-term rentals in the Southeast!