Most if not all of these properties require SIGNIFICANT cap ex rehabs and conventional financing won't touch them; you'd likely need to go the hard money route at 10-12%, 2 points, 12-18mon turn around.

One tip: focus on areas with year-round demand and check local regulations early—they can make or break a deal. 

How did you finance this deal?

In the meantime I would touch base with lenders and get the financing squared away.

To thrive in real estate investing, you must maintain a firm grip on your finances.

We have a decent plan working now, its just a matter of financing and scaling.

I've been made an offer of 50% down and for me (my Solo) to owner finance the other 50%.

A 1031 exchange doesn’t apply, but funding through a self-directed IRA can defer taxes, though profits from debt financing may trigger UBIT.To reduce taxes, consider forming an LLC for better expense deductions, offsetting gains with investment losses, or holding the property for 12+ months to qualify for lower long-term capital gains rates.This post does not create a CPA-Client relationship.

Networking How did you finance this deal?

It depends. all you talked about was the property but financing is more about the borrower, their experience, their credit, the cash available etc.