Given the estimated value of $1M and your plans for repairs, there are lenders who might be interested in providing a cash-out mortgage for $500K to help you pay off the owner financing.

The cash that would flow in a 30 yr loan underwriting scenario is sent back to the bank so that builds equity faster.Forced appreciation, while excellent overall, I am not sure it helps in this situation to avoid income from cash flow as that will probably both provide equity, but also increase cash flow right away. 

Another strategy would be to partner with another investor who could provide more liquid capital and how obtain a DSCR loan on this property. 

Would the landlords out there recommend providing extermination service to make tenant happy, or remind her that the home was rodent free at beginning of her lease.

I provided a link to the bill HB 2297.

It potentially can be possible if you provide your capital to a fund who operates as a private lender.You would have to be a non-managing member in an LLC or an LP in a Partnership.Therefore, you would have no say in items such as who to lend the money to, at what rates, etc.Best of luck

They are provided with contracts to use which are developed and vetted by real estate lawyers within each state and updated regularly to stay current with changing laws. 

It's a lot easier/quicker provided the numbers work for the property.

Quote from @Lolo Druff: Just like turn signals, you should always trust, but verify that the seller is telling the truth.Your offer to purchase should include a requirement that the Seller provide all documentation and agree to sign an estoppel certificate (also called an estoppel form or agreement).

I can provide more info if need be!