There are tons of options out there. 

They offer some good options for sellers that want to move property quickly. 

Do you want to manage the STR or LTR yourself or are you open to other options like out of state investing? 

There are people who buy a longer term (12 months or more ) OPTION giving them a RIGHT to purchase a subject property, at a certain price, within a certain amount of time, and attempt to either sell the option for a higher price or close on a simultaneous purchase and sale to an end buyer paying a higher price.  

Inheriting it is the best option tax wise- because it gives you a step up in basis to the property's value on that date. 

Adding the 1 & 2 bed option is a great start, have you looked at pricing and dropping it further than your peers?

Hi Ken, I'd say, it’s critical to remember that your financing strategy should align with market trends and buyer financing options.

In your case of a fourplex, option 2 should get you a better deal.I would also agree with Bill on how the number of units may not correlate with the value of the property unless it is a large multifamily complex, and sometimes a fourplex or several single family houses would give you better returns. 100% We always recommend conventional first until you can no longer qualify for those. 

Another option could be exploring creative financing like seller financing or partnering with others to leverage better terms.

Have you explored any of these options yet?