If you ever want to explore other funding options for future flips, let me know! 

Outside of raising money from others or seller financing, I am looking to see if there are private or other lending options that could cover 10-20% of a downpayment on these loans with a shorter loan term of say 5 years.

Normally we'd use a 1031 exchange, but since the cash of that property is going to be split, I wasn't sure what our options are.

@Juliann Morala Yep, a buyers agent that works exclusively with investors will have all the info you need and lots of options on contractors, lenders, attorneys, inspectors, property managers.

Give them a couple of options, they already know the unit got foreclosed, most people move to avoid the hassle. 

So those are kind of my options- rent at a loss or sell for the balance.

They won't always be upfront about this with you but if know they're selling because they want to retire, that opens you up to different options vs if they're an investor just selling for profit.

Best option would be to separately meter the property 2.

Looking forward to reviewing these options.

I think we have the option of taking out a heloc  and begin to invest elsewhere.The other idea , that I was thinking is paying off our primary residence which we owe 425k.