Not the smartest move by the seller, but it cuts down on buyer competition, which is in your favor. include something like this: Offer is contingent on buyer walk through of the entire property within 3 days of acceptance to buyers satisfaction, otherwise buyer may declare this offer is null and void via written notice within 5 days after AO. 

Financing: I have about $1.3M to deploy right now and will have additional ~$700K (sale of primary home) to deploy in 3 years (total $2M). 

I have a house with about 70-90k of equity that I’m looking to refinance out of the property. I’m currently living here with a roommate and have a 3.3% interest rate loan on 300k and still owe about 280k. My monthly p...

Getting an additional 3% back on every deal made too much sense to me, so I got my Real Estate License.

I think a lot of people get stuck on the 203K, but there are options for renovation loans that are Conventional, VA, and USDA in addition to the FHA 203K and real estate investor loans (ground-up construction, flip, and DSCR).

Additionally, the 1031 exchange is worth mentioning though I'm sure you have already thought of that. 

I've done my best to research the process but wanted to get additional guidance.

For MF properties in Bremen, you will most likely have to do a multi approach to sourcing the right deal: market to off market properties to see if they’re interested, watch the MLS, and look for properties that have enough land and zoning will allow an additional dwelling unit (ADU) like garage apartment or tiny house 

My biggest concerns are 1) the property is not exactly walking distance to the beach, and 2) the area looks a little crummy in spots with some trailers.

I assume the only way they wouldn’t laugh is because you are overpaying for the property and they are considering that overpayment additional interest.