@Dallas Smith To defer capital gains on your investment property, a 1031 exchange is an effective strategy, but the replacement property must be held for investment purposes for at least two years.

Along those lines, if the owner gives you a very FIRM "NO" when you present your proposal to rent their home for the purposes of doing STR (short-term rental).   

I have to agree with Corby, "as is" should still allow you to do inspections for informational purposes only.

Most traditional lender business purpose lenders will not lend on rural properties or in small communities. 

So if he were to rent it out wouldn’t that show up on his taxes and say if the bank finds out and is okay with what would he do with it on the tax side of things would he report it as soon as it it’s in service or what would he do for tax purposes.

Here is Chatgpt:Yes, you can generally get a tax deduction for donating real property, like a house, to a 501(c)(3) organization, but there are a few important details to consider:Fair Market Value (FMV): For tax purposes, the deduction is based on the fair market value of the property at the time of donation.

These serve two purposes:1.

The property will be strictly for investment purposes, not a primary residence.I’ve been looking into two potential financing options:Hard Money Lenders (HML) – I’m drawn to this option for its speed in closing, but I know the rates can be higher.DSCR Loans – This seems like a great option for long-term rentals, but I’m unsure if it’s the right fit for my auction property since it might need some rehabbing.I’m also considering purchasing through a land trust or an LLC to add a layer of protection and privacy.So, my questions are:What’s the best way to approach financing for auction properties?

I wrote the above for informational purposes.

It's less about the time it takes me to conduct a transaction this way, and more about automating the process for myself and creating structure and organization for tracking purposes.