@Kayla Elliott  Hi Kayla - this was a commercial mortgage loan with a local bank, that held it "in house" after it was issued. 

The solution could be a creative financing solution such as a total or partial private note, an assumption of the note or LLC, a speciality or local lender, or any combination thereof. 

I have been trying to get a distressed/value add LTR property under contract in my local market for some time now.

I am leaning on local first for my next investment, but not ruling out an out-of-market opportunity. 

I’ve found that leveraging local networking events, investor meetups, and even direct outreach through social media can help bridge that gap.One challenge I had to get creative with recently was navigating a complex title issue on a property.

I'd ask for referrals, and reach out to some local folks and see what is working and not.Best of luck!

You could start with your agent or a local agent who supports investors and could have contacts to refer to you.Lastly, you could consider negotiating with a local PM to take on a hybrid approach to management.  

I say start there, exhaust your local efforts before jumping toward "shiny things" and unknown markets, persons etc.. 

You should be able to find local builders that will finance the construction component of your new build, however! 

Also, local meetups are a great way to meet local investors!