How did you find this deal and how did you negotiate it?

@Doug Perez The 2 cities are really doing what they can to help this.

They can do this as 1031 exchange, which is also known as a consolidation exchange.

This is our first investment together so we're exploring financing options.Wondering if anyone has trusted contacts in private lending/hard money who are able to fund ~$400k in acquisition cost and ~$250-300k in repairs?

There are also many funding options that will open up for you in doing this.

This will help you filter out noise and focus on relevant opportunities.𝗧𝗮𝗸𝗲 𝗔𝗰𝘁𝗶𝗼𝗻 𝗼𝗻 𝗜𝗺𝗽𝗲𝗿𝗳𝗲𝗰𝘁 𝗗𝗲𝗮𝗹𝘀: Don't wait for a home run.

My grandfather, along with his twin brother, were home builders who transitioned into building and managing a significant multi-family portfolio, which remains family managed to this day.With my personal family background, as an agent I have largely engaged in the multifamily space working with legacy owners in the sale of their properties - from 6 unit, single building properties to 19+ unit, multi-building properties.

What made you interested in investing in this type of deal?

In 2014 it cost me about $42k to do this.  

This, and how flexible you want to be will affect what lenders you approach and who will lend on your deal.