I did get preapproved for $500k with 10% down but I'm in search of a lender who will be more flexible with job distance. 1.

The interest rate obviously won't be as good but maybe you can find a deal with minimal cash down.

If you are planning on buying it with a smaller down payment, that will also increase your mortgage costs as you are borrowing more and also need mortgage insurance.The price of the home (from the seller's perspective) is based on market value and condition, not on whether or not it matches the 1% rule.   

Share your biggest challenges when funding your deals, is it Interest rates, down payments, or something else?

Fannie & Freddy do allow a 5% down owner occupied scenario. 

A HELOC is what I was looking to do, but would that be used just as a down payment? 

I work with a lot of investors who use HELOCs and home equity loans for down payments.

I believe he is working on completing a roll up of the RV parks in the hopes of selling it to P/E down the road. 

They're not far from my house (I'm in 4 Corners) and if you've been watching it you see prices have been cratering in there, but I don't think they'll get down low enough where it makes any sense as a STR at least in terms of making any money.

I see a lot of investors tear a deal down to the studs when they just need a cosmetic rehab, and then they are underwater on the deal and aren't able to exit without losing a significant chunk of money.