I would talk to a mortgage broker in the US who works with foreign investors and can explain your options, but I would also definitely contact Canadian banks to see what they can offer. 

I'm not a horse person, but think about what a great setup for a someone with horses would be and curtail the sites for your target guest.

I think you will see companies advertising you get to talk to a live person..

Lenders are increasingly creative with income qualifying including bank statements and even DSCR's.

Go visit the planning and zoning department in person.

@Manwell ReyesI haven't personally done one, but have several clients that have a bunch. 

He is wondering if he should take the 300k as a price reduction (leading to boot from 1031 as he does not want to go higher than 25% down payment) or if he can avoid boot by keeping the price the same and take the 300k in a capex escrow account with the title company to be used for repairs over the next year (title company and bank are ok with this).

3,6,9 months….it all depends on your personal comfort and if you want the risk of running low of cash and risk of loosing/damaging your property.

Is it better to stick with banks go through 3rd party ?

@Emily Beatty After experience investing in both, I personally prefer Lexington primarily due to my thoughts that it has a better future than Louisville but both markets have great investments out there.