Because of the frustration, when asked to purchase the large lot in front of their house which leads to the main road, they turned it down.

Thanks for the heads up, I’ll call the mortgage companies.  

The seller offered financing with 20% down, which I used to buy the place.After starting construction and realizing it was going to cost more than expected, I approached a small local bank that knew the property and would offer the rehab financing. 

You could bring less down and possibly have a lower interest rate since you will be living there.

I just wanted to give you guys a heads up.

You could also use a Fannie May Home style renovation loan which a conventional loan and require 5% down vs.

With everything paid off, they’re looking to slow down but are hesitant to sell due to capital gains considerations.Purchase Price: $1,750,000.00Downpayment: $400,000.00 - Will do a 1031 - Selling two of my SF properties for the downpayment (bought for 120k + 146k back in 2017 & 2015). 

I have been narrowing down some markets and trying to explore/research more and network.

In short: $4.25M Purchase Price. 15% down. 3.25% with seven years remaining. 

You won't find any reasonable ROI in the Phoenix area with $150k to $200k down.