All of these houses were purchased in distressed condition and remodeled extensively.

It is about $1900 now new.Where is the place located?

If you find you are unable to raise the money for an all-cash purchase, switching gears to Fannie will only work if you have a LONG time to close in your PSA or have many extension options (which usually require more hard earnest money.)

If investors want to just be lenders then I would work with them as a lender on the deal so you don't have to setup a syndication also not sure where you are located (app doesn't say) but if investors California may be way around syndicating 

My plan is to develop five 1,200 SF units, allowing tenants to lease multiple units if they require more space.Recently, a 62,000 SF medical building from a Reputed Hospital Name opened directly across the property, which reinforced my belief that a medical office setup would be a strong fit for this location.

I plan to use it as a rental property, but I'm concerned about the location—Bullhead City, Arizona.

I have a a great project in a prime location, but finding the right investor has been pretty difficult. 

Louis, even buying a property for $2k might be overpaying for it ;-) These properties always need some sort of extensive/gut rehab, so they are not for the faint of heart (or stomach)!

Used redfin to locate the deal.

Huge battery plant will create a lot of jobs and conveniently located at the end of the 406.