If you are relying on this house to purchase next one, I would suggest taking out a Line of credit on this house to purchase next hour  and renting this house for the 1031 exchange. 

You can see it briefly as you approach the house and ever so slightly along the property line if you walk along it and look through the trees.

You must know all the rules and don't get upset when sometimes you mistake and pay few $$ because you forgot about expiration of 0% Right now, business credit cards give me 0% till March 2020 and with only 1.99% fees upfront while personal cards only for 12 month and 3-4% upfront.This is long term game and ideally you have to have 4+ eastanlished credit lines with different use - revolving and installment, for more than 7 years - never be late - then you'll reach to 850 FICO.Plus few other tricks - but it's alittle bit personal

lets see no money down interest only... well that was a go to product in 04 to 06 it was called pic a payment.you get get neg am or interest only or fully amortized you picked the payment. you could do no doc just needed decent credit.. first and second  etc etc.. those loans no longer exist and for very good reason.

This past week, the basement became partially flooded, damaging family stuff I had stored down there and building products we had left over.

@J MacArthurBuying a home you wish to live in in the future with your IRA likely does not make sense.The only way you can use that home personally is to take the home out of the IRA as a distribution in-kind at the present value when you take the distribution.So, if the IRA purchases a home as an investment today for $100K, and 5 years down the line that home is worth $125K, then when you take a distribution, you are taking out $125K all at once and will get hammered on taxes. 

Along these lines here is a great calculator from SmartAsset on comparing whether you should Rent vs Buy by city:https://smartasset.com/mortgage/rent-vs-buy

@Abel Curiel I contacted a fellow investor, and he suggested I follow the 3-offer strategy: a cash offer well below asking/market, traditional financing slightly below asking/market, and owner financing at asking/market (or something along those lines).

@Danielle Zito We did this (reappraised a three-decker in Boston to apply for a HELOC to fund investment down payment on another, also Boston) and though rates are variable on the product we have, they're fixed for a period of time first - so paying it back is a priority.In terms of timing, it does take some time to get through the HELOC process, so you probably want to start sooner rather than later, but I would discuss with your mortgage lender as well.

Foreclosures are going to be in far worse condition than turnkey products.