Just looking at Zillow I’m having a hard time making the numbers work between prop taxes, insurance, management on 20% Down vs cash currently earning 5% (albeit that 5% going away soon with rate cuts)  To be completely honest, there's not much right now that will give you decent cashflow without getting into a full rehab.

I'm originally from Kentucky and moved to Palm Beach County to pursue real estate full time.

I had zero knowledge when I started, now I'm a full time investor enjoying life, so yes of course I can say it's real :)

Perhaps we "buy" the house from them for the $328K balance to satisfy the lender and don't need a large down payment and then have a separate contract with them to pay $x per month until we've paid the full $172K amount.

This is a the perfect vehicle to use for short term like buying a  property with cash, then refinancing the property to pay the line of credit back in full, and use it again.   

Here's an article full of Opportunity Zone FAQs that you may find helpful.

As first-time landlords, we considered self-management, but as new parents who work full-time, we decided that hiring a property manager would be the best option for long-term rentals.3.

Risk that the IRS will challenge it, which is far more likely than with a full-service professional report3.

Please reach out if you are a lender or can connect me.5 Bed 2 Full Bath & 2 Half BathExisting Mortgage ~$550,000Home Value ~$1.1+ MilSounds like a great deal.

It take more than 115k for a full gut reno on 1000sqft in philly. lol