Is the 2.5m  home on septic and well water with horse barns and riding arenas? 

How do you invest in horses?

“horse capital of the world.”

My current biggest property is an 8 unit apartment building and it is definitely a horse of a different color compared to my 2-3 unit properties.

But the range of possibility is  why everyone's been pointing you to your CPA to get specific.But from a horse shoes and hand grenades level of granularity - you can access that $500K (realizing a net of $400K after taxes. 

if it's already gone to auction, it might be too late. it's a complicated process to try to get the bank to back out of that. and as the other commenter said, all owners have to be totally on board with your plan. not only are most sellers not down for creative financing, but those being foreclosed on are typically even less cooperative (i realize that makes no sense, just how it is), and divorced couples even LESS. i think you're putting the cart before the horse here in looking for a TC. for future deals, you can find a TC in pace morby's fb group. 

The horse property gives me a leg up.How did you find this deal and how did you negotiate it?

; some horse properties) but there is a lower cost subdivision there too and several mobile home parks. 

AOLs are just starting to be used more, if we never did anything that didn't have a large body of law behind it, we'd still be riding horses.

I do not want to beat a dead horse here, but there is not a "one size fits all" when it comes to property management companies.