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

There are always private money lenders there and people who will partner up on a deal.

The institutional firms that do this type of lending (we deal with them every day) have to "securitize" the loans...meaning have their hedge fund/Wall Street backer bless the deal.

Haven't found a deal that works for BRRRR. 

@Richard Schubert If the house next door is a solid enough deal you could always raise the money from people in your network to tie it up.

Now, you need to figure out how to find deals and pay for them.

I would fist run the numbers to see if it is a good deal at the price and everything else, and then I would drive down the streets to see if you see any licensed contractor signs/trucks.

I also did one of their 1% deals in St Pete for 100K.

They will let you know what you can and can't do without a permit and what you are able to do yourself within the scopes of those permits.My concern is because this is a rental, if you do anything that is not to code and the tenant reports it, you will likely have some much bigger issues to deal with.Given you note this is major rehab, I tend to lean to hire most, if not all, out. 

Quote from @Moe Aly: Hey Everyone, just wanted to introduce myself, first time using bigger pockets, I am responsible for the wholesaling department in our company here in Columbus ohio and we assign around 15-20 deals a month!