Seller financing, private money, and subject-to deals can open up opportunities that others might pass on.🔹 Maximizing Value – A distressed property isn’t just about fixing what’s broken; it’s about repositioning it for the best possible return.

Quote from @Jonathan Snider: I have been saving up for a while to purchase my first STR.

I would take out a private loan on the paid off property to get the other one squared away

Wouldn't it make more sense to raise money privately?

They will save you time and money. 

This would defeat the triple tax savings @Kaaren Hall described above.

With the right strategy, it could be a great flip, rental, or BRRRR candidate.Financing Plan:Acquisition Options:Hard Money Loan – Quick financing covering up to 70-80% of purchase price and 100% of rehab.Conventional Loan – If the property qualifies, 20-25% down ($44K-$55K).Seller Financing – Potential for a creative financing deal with low upfront capital.Private Money – Partnering with an investor for funding with agreed returns.Rehab & Holding Costs:Estimated rehab budget: $XXK (to be determined based on inspections/contractor bids).Funding rehab through hard money, private lenders, HELOC, or personal funds.Exit Strategies:BRRRR: Rehab, rent, and refinance to pull out equity while maintaining long-term cash flow.Flip: Sell post-renovation at ARV for a profitable exit.Rental: Convert into a long-term rental or explore short-term rental potential for higher cash flow.I’m currently evaluating the best approach and open to insights from investors experienced in commercial conversions, BRRRR, and Tulsa’s local market.

Thanks for saving me from getting scammed.

Living closer to work saves time and money.

This is the first time I've heard of such a thing as a land swap, especially between a municipality and a private entity.