Hi Mounish, Taking on a large rehab project can absolutely be daunting...but not impossible.   

There's always going to be a war, pestilence, famine, political power struggle, uprising, strike, terrorist threat, meteor, volcano, tusnami, or other disaster looming on the horizon - and it's impossible to state what the next cataclysm will be.

It sounds like getting furniture and appliances to these places isn't an impossible task, but for my own peace of mind I think I'm sticking to places that aren't that difficult to access.

Doesn’t sound impossible.

It's not impossible to do a 1031 exchange out of a property while carrying back a note, but it's complicated enough -- if you're going to make the deal attractive to him, find out if he plans on looking at a 1031 and come prepared with information to help him navigate the hurdles that come with the seller financing. 

It's unlikely, but not impossible.

It's impossible to know without a deep-dive into the condition of the property, the projected renovations, and finance options.But you should still try to answer the question! 

That’s virtually impossible given that the town goes as low as possible.

I am understanding that securing financing may be hard or near impossible with those late payments.

IMPOSSIBLE for us to answer, good luck