Better yet- buy something with a reasonable value add, which gives you more options at refi time due to the equity you build. 

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The syndicate ran out of cash reserves and doesn’t have enough to purchase the required replacement rate cap.Foreclosure/DIL/short sale may be the best option.  

I'm particularly interested in areas that haven't yet experienced a real estate boom but are on the cusp of growth.Additionally, I'm looking at options for managing these properties.

You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property.

One of the biggest STR insurance companies in this area is Fudge Insurance , and they always have had the option for my clients.  

With residential properties and hard money lenders, they will usually have an option for financing the property's renovations as well.There are a couple of caveats: first, most lenders will require a property down payment.

You have 4 options...1.

Loan options depend on whether you live in the U.S., live elsewhere, have U.S. credit or visa.

Also, have to investigated financing options?