It sounds like a tough property/project that can't be sold with traditional bank financing, so honestly the seller needs to allow enough room in the purchase price to compensate the buyer for taking the project on.

traditional financing What was the outcome?

The Rich Dad/Poor Dad series is another recommendation. 

Also given my financial situation, would it make since to go to the banks and get a traditional loan or a hard money lender. 

Are you using traditional financing on these next three properties? 

@Steve SonnesonOne thing you may run into is a similar version of what we have here in Madison, which is an ordinance that prevents more than 2 unrelated persons to live in any house zoned as traditional residential.

If I assume a "small rehab" is $25k and purchase price of $100k, with a traditional non-owner occupant loan, I would want about 65-70k in the bank.  25k down, 25k rehab, and $15-20k for various other costs/overages.

@Jeff He so you would do the traditional route of raising money by meeting an investor and going from there?

Rich dad, poor dad.

I know it isn't a traditional "Brrrr", but being able to purchase, fix, refi, and then STR it should still be able to be done, correct?