Also the one hour drive with tolls to and from work is doable, but not the most appealing. 

I guess I am asking if it is doable with investment property.  

@Mike Nowicki oh, one more - I would not transfer anything to the trust without first obtaining a written opinion from the banks legal department, stating they are ok with it ( pain in the rear by itself, but doable)

This is doable as the property doesn't have THAT much that absolutely needs to be done.

This is not a deal breaker and is 100% doable but will make your rehab take much longer... meaning more interest payments.... meaning less profit... 

The owner is considering doing seller financing by carrying a small second, but wanted us to see what else we could come up with first.Having talked to some friends, family, neighbors, etc.... we might be able to come up with a single private lender for the second position loan, but more likely it would be more easily doable with a couple of them going in on it.A few questions are:What is the legality of using more than one Private Lender with all the newer banking regulations?

It's not easy, but it's doable if you are consistent.

Yes Robert, that's doable.  

That also assumes that there is zero debt associated to the couple which isn't extremely likely but still doable.

As far as the BRRR thats doable but challenging right now too.