For instance, by nature, most (though certainly not all) QOZ funds will be investing in "up and coming" areas, wheres there are no geographical constraints to a traditional 1031 investments. 

A lot of my inquiries come from moms and grandmothers looking for vacations for one or two families.I also worry about things like Airbnb holding all funds until the guest checks in and a few other things.For those of you in the major vacation markets (Disney World, Pigeon Forge, Hawaii, etc.), what are your thoughts on this?

although only banks redline.. we just funded our first deal in Spokane yesterday so will see how it goes.. i did a flip there about 11 years ago did not go that well.. but the guy we had in charge was not experienced enough as it turned out. team now we have is uber experienced.

In my day our investors that were funding new origination's for fix and flippers in the bay area this was very passive.. 

Receipts for funds given?

they were in business 20 some years took in 100 of millions in due diligence fee's at 5 to 10k a piece.. there targets were newbie developers who had bigger complicated projects that no one would fund when you have little to no experience. 

@Alessandro A.Banks will only lend up to their limits (ie. 75-80% LTV is likely the max you'll find for a non-owner occupied propert).As you point out in your original post, you're putting 25% equity into the deal that has already more-or-less been updated by the sounds of it. 

They have used a hard money lender to renovate and are now out of funds.

That being said, assuming our next purchase is going to max out our DTI, should we prioritize purchasing the owner-occupied property first, and then look to unconventional funding/portfolio loan for the investment property?

Purchase price: $35,000 Cash invested: $75,000 2 family acquired for 35k, renovated for 75k and cash-out refinanced @ 70% LTV for 235k, with gross monthly income of 2.8k