I use credit cards, write checks, and pay in cash.Each situation can dictate the payment type. 

Low property taxes, no income tax and landlord friendly make it ideal for many CA investors.  

Wondering also if there are lenders that would have an appetite for this type of property?

People are busy with the holidays, and very few are focused on moving. 22 days isn't ideal, but it's not bad for this time of year.

Ken, I would prefer to do that, but I wasn't sure if any banks would offer that type of loan or line of credit.

A rent-to-own type situation and also a sublet/ property arbitrage. 

Depending on the flooring specs you *might* be out of luck because a lot of LVP/laminate type flooring specifies on the install that straight runs will be no longer than X number of feet and room changes will be installed with a transition.

I would spend time building your list of WHO (agent, mentor, contractor/handyman), then WHAT (house type, tenant base, work needed), then WHERE (location).

Each lender will be willing to provide a ballpark rate quote with some simple info such as FICO score, property type, location, term, and desired LTV.

Purchase price: $560,000 Cash invested: $140,000 STR investment What made you interested in investing in this type of deal?