HELOCs or traditional financing may also be better options to preserve retirement funds while minimizing immediate tax liabilities.This post does not create a CPA-Client relationship.

I recently opened a HELOC and I recall it's at prime for the first year (7.5% currently), and I only paid minimal closing costs.PML or HML I would expect rates >10%, plus points, possible prepayment penalties etc.

The loan is 12 months, pulls twice a month, the interest is minimal because I'm paying it off so fast. 

So while I have family nearby I want to minimize excess wear and tear because 1.

Repairing to sell might recoup some costs, but given the market and your limited funds, selling “as-is” is likely the best option to minimize further losses.

Quote from @Robert Gunn: I would also be very interested in hearing student or JV experiences with Pete and his program.I stumbled upon him by chance and for fun (I've been investing in land for years) signed up for his "free" course, which he promises after he pitches his $499/mo software system (which is basically an overpriced CRM) and then after the first "Level" in the course, you are directed to a pay page to access the rest of the "free" course.  

I will note though that Scott's "slow flip" pitch is that you don't have to do any rehab at all.

And when you go to an open forum and say, hey I have 750k to burn, you are inviting every guru and charlatan to pitch you a course or a way of doing things so you are opening yourself up to all the junk.

Think of it this way, at some point, a minimal amount of wear & tear to the unit requires paint to be touched-up.

A primary residence will most often provide more favorable loan terms so if you are willing to wait one year while you living in your new property and are comfortable with renting out your primary residence to a tenant, then getting something such as an FHA loan is a good strategy to minimize your upfront costs and hopefully get better loan terms.