If I am able to figure this out properly I could potentially have the funding to execute it. 

You could do this by executing the BRRRR strategy or something like value add multifamily then 1031 into a bigger property to achieve more cash flow. 

My lawyer said we could execute a deed of distribution directly into my LLC without any immediate tax implications as the value of the property is on the low side.

Execute the strategy with which you're able to create the most value also considering the market, market cycle and availability of property meeting your criteria or look nationally.  

We typically do 5 or 10 percent at contract execution and 30 to 35 percent at permit issuance.

Some day, I'll get to the point of being able to execute a BRRRR.

I'm looking for a Portfolio lender in NC to help me execute a BRRR strategy on a SFR.Details:Purchase price: $50KRehab: $30KRecently appraised for $108KPurchase and rehab was 100% cash.  

Escalate the call to Executive level (ask for owner, VP etc).Try to work with a lender that is with the BBB and threaten to turn in their license or file a complaint and go public with the details of your file.  

You are more vulnerable when you rent it out illegally. 

Instead there is a word doc used in editable format where the attorneys (red line) changes back on forth until a final version and clean copy is ready to execute.