Many investors that I have worked with utilize quitclaim deeds or other ways to transfer ownership after the fact, but like David said you need to make sure it will not jeopardize any financing, etc.

You're going to negotiate for 30 days due diligence, 30 days to finance. 

For financing, shop around with local banks, credit unions, and mortgage brokers to secure favorable terms.

Since the cost seg study would just create an even bigger loss, it might not actually help you this year if you don’t have taxable income to offset.But here’s the part a lot of investors forget to consider—if you’re planning to buy another property this year, this loss could affect your ability to get financing.

That’s leverage.One of the first routes I’d explore is seller financing.

I have multiple lenders that can do 100% financing for the short-term rehab loan, up to 70% ARV for 1-4 unit properties.

Also did owner financing with them with a purchase price of $160k a $35k downpayment.

Befriended the neighbor How did you finance this deal?

Consider house hacking with an FHA loan for lower upfront costs or explore creative financing options if capital is limited.

It was a cash purchase.How did you finance this deal?