Personally I’d stick with SFR or at 4 units or less for preferred financing and to reduce risk of the exchange failing.

Let me know if you need help with financing or structuring the deal.Best,Drago

How did you finance this deal?

It sounds like you will have an issue obtaining financing.

I’ve had several investor clients go with a new (to me)/ unproven lender because of a slightly lower rate promise only to get burned by that lender (closing costs were higher, appraisal costs much higher and appraisal was a nightmare, main point of contact gave us the clear to close as we passed our financing contingency then just before closing someone from the underwriting department we previously didn’t know existed said we need a few more days and seller didn’t agree because they had a higher backup offer, jeopardizing the earnest money and losing the property, etc).

@Nick Cooper you can buy with as little as 15% down on a single unit property with conventional financing.

Financing-  build a relationship with a regional banker, don’t shop for interest rates, start small and build history and loyalty they are your team, Cross collateralize, deposit CD/MM or custodial account with bank for loan, give them monthly updates, nail your deal analysis, do stress tests on your deal analysis-cost/interest rate/deal length/ sale price etc. 12.  

Since we were in it for the 1031 exchange and it was still a deal, we still followed through and close the deal.How did you finance this deal?

There is a turkey way to purchase,  financing that you can't find in most places in this market and boots on the ground to make sure the property is right for you. 

Can't give you suggestions for financing, but for where to buy look at Alberta or another province without foreign buyer.