It seems you and your husband have the ability to make a property more desirable and I would try to stay local for the same reasons you listed. 

You could use the sale of your primary and the sale of your investment property to fund the purchase of the land and the beginning of construction. 

If you buy upscale (desirable) properties in desirable areas as opposed to affordable (undesirable) crapboxes in undesirable areas you won’t need to entice tenants.

But even then, seller financing is rarely substantially better than another investment they could make (including trust deed lending, which will often be at a higher rate than seller financing)In my experience, the owners who find owner financing advantageous are at the ends of their careers and are not interested in looking for another investment (other than the usual retirement funding sorts.)

I’m not suggesting you shouldn’t consider this opportunity because my current company has about 50 homes throughout New England with about 1100 employees and is well funded.

House was purchased August 2024 6k sq ft 9 bedroom distressed home for 66k ARV around 330k in the middle of renovations all of the sudden the bank accounts are frozen and we now have no funds to finish renovation.

Instead, consider a HELOC or home equity loan to fund repairs, as the interest may be deductible if used for home improvements.This post does not create a CPA-Client relationship.

Tribes might even provide additional incentives, like grants or infrastructure funding, to encourage investment.

What I am looking for at my age, is properties that will flow in the future to fund retirement travel, and MTR is where I am headed.But the reason for this post is I now need a structure(s) for what had been a concept. 

Other lenders as a new relationship may not care as much because they were not the ones that originally funded your loan and would not yet deem you as a risk.